AZZ Inc. (azz) to Issue Quarterly Dividend of $0.17
AZZ Inc. (NYSE:azz) declared a quarterly dividend on Friday, September 30th. Stockholders of record on Tuesday, October 18th will be given a dividend of 0.17 per share on Tuesday, November 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, October 14th. This is a boost from AZZ’s previous quarterly dividend of $0.15.
AZZ (NYSE:AZZ) opened at 65.27 on Monday. AZZ has a 12-month low of $47.04 and a 12-month high of $67.98. The stock has a 50 day moving average price of $65.40 and a 200-day moving average price of $60.20. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 21.76 and a beta of 1.34.
AZZ has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “hold” rating and set a $55.00 price target on shares of AZZ in a research report on Wednesday, July 6th. Zacks Investment Research upgraded AZZ from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Thursday, July 7th. Five investment analysts have rated the stock with a hold rating, AZZ presently has an average rating of “Hold” and an average target price of $60.00.
In related news, SVP Timothy E. Pendley sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $62.02, for a total value of $74,424.00. Following the sale, the senior vice president now owns 30,980 shares in the company, valued at approximately $1,921,379.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wallace P. Eisman purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was bought at an average price of $62.27 per share, for a total transaction of $62,270.00. Following the purchase, the director now directly owns 4,641 shares in the company, valued at $288,995.07. The disclosure for this purchase can be found here. Company insiders own 0.01% of the company’s stock.
Several hedge funds have recently bought and sold shares of AZZ. BlackRock Inc. increased its stake in AZZ by 17.6% in the second quarter. BlackRock Inc. now owns 2,206 shares of the company’s stock valued at $132,000 after buying an additional 330 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in AZZ by 35.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,434 shares of the company’s stock valued at $206,000 after buying an additional 890 shares during the last quarter. United Services Automobile Association increased its stake in AZZ by 2.9% in the second quarter. United Services Automobile Association now owns 7,190 shares of the company’s stock valued at $431,000 after buying an additional 200 shares during the last quarter. Trexquant Investment LP increased its stake in AZZ by 15.9% in the second quarter. Trexquant Investment LP now owns 10,426 shares of the company’s stock valued at $625,000 after buying an additional 1,428 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in AZZ by 3.6% in the second quarter. BlackRock Advisors LLC now owns 12,130 shares of the company’s stock valued at $728,000 after buying an additional 423 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
Receive News & Stock Ratings for AZZ Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZZ Inc. and related stocks with our FREE daily email newsletter.