Shares of AZZ Inc (NYSE:AZZ) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 12-month consensus target price of $47.00 for the company and are anticipating that the company will post $0.54 EPS for the current quarter, according to Zacks. Zacks has also assigned AZZ an industry rank of 187 out of 255 based on the ratings given to related companies.

Several research firms have recently weighed in on AZZ. Stifel Nicolaus reduced their price objective on shares of AZZ from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Friday, May 18th. ValuEngine upgraded shares of AZZ from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research lowered shares of AZZ from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st.

Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB boosted its position in shares of AZZ by 27.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,537 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 1,200 shares in the last quarter. Engine Capital Management LLC bought a new position in shares of AZZ during the 1st quarter valued at about $271,000. Russell Investments Group Ltd. boosted its position in shares of AZZ by 636.6% during the 1st quarter. Russell Investments Group Ltd. now owns 154,902 shares of the industrial products company’s stock valued at $6,769,000 after purchasing an additional 133,872 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of AZZ by 72.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 305,807 shares of the industrial products company’s stock valued at $15,627,000 after purchasing an additional 128,269 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in shares of AZZ during the 4th quarter valued at about $640,000. Institutional investors own 94.83% of the company’s stock.

Shares of AZZ stock traded up $0.80 during trading hours on Monday, reaching $45.85. The stock had a trading volume of 3,878 shares, compared to its average volume of 148,394. AZZ has a twelve month low of $39.50 and a twelve month high of $57.65. The stock has a market cap of $1.17 billion, a PE ratio of 33.37 and a beta of 1.26.

AZZ (NYSE:AZZ) last announced its earnings results on Tuesday, May 15th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.24). The company had revenue of $200.66 million during the quarter, compared to the consensus estimate of $205.20 million. AZZ had a net margin of 5.56% and a return on equity of 4.63%. analysts expect that AZZ will post 2.31 earnings per share for the current fiscal year.

AZZ Company Profile

AZZ Inc provides galvanizing services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy and Galvanizing Services. The Energy segment provides specialized products and services designed to support industrial, nuclear, and electrical applications.

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