AZZ (AZZ) Scheduled to Post Quarterly Earnings on Monday

AZZ (NYSE:AZZ) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, April 22nd. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

AZZ Stock Performance

AZZ stock opened at $74.80 on Friday. The company has a market cap of $1.88 billion, a PE ratio of 27.00, a P/E/G ratio of 1.15 and a beta of 1.28. AZZ has a 12 month low of $34.59 and a 12 month high of $82.10. The company has a fifty day moving average price of $74.61 and a two-hundred day moving average price of $60.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.96 and a quick ratio of 1.33.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is presently 24.55%.

Hedge Funds Weigh In On AZZ

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming bought a new stake in shares of AZZ during the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC raised its position in shares of AZZ by 557.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,848 shares of the industrial products company’s stock worth $76,000 after buying an additional 1,567 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of AZZ in the 2nd quarter worth approximately $93,000. Captrust Financial Advisors boosted its holdings in shares of AZZ by 31.5% in the first quarter. Captrust Financial Advisors now owns 2,431 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 583 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of AZZ by 44.1% during the third quarter. UBS Group AG now owns 3,538 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 1,083 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Noble Financial downgraded AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price objective for the company. in a research note on Friday, March 22nd.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.