AZZ (NYSE:AZZ) Upgraded to Strong-Buy at Roth Capital

AZZ (NYSE:AZZ) was upgraded by analysts at Roth Capital to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

AZZ has been the topic of several other reports. Roth Mkm started coverage on shares of AZZ in a research note on Tuesday. They set a “buy” rating and a $108.00 target price on the stock. Jefferies Financial Group upped their price objective on AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, B. Riley lifted their target price on AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

AZZ Trading Down 0.0 %

NYSE AZZ opened at $97.53 on Tuesday. The firm’s 50-day moving average is $87.70 and its two-hundred day moving average is $83.29. The stock has a market capitalization of $2.91 billion, a P/E ratio of 65.90, a PEG ratio of 1.33 and a beta of 1.30. AZZ has a 12 month low of $67.32 and a 12 month high of $98.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.77 and a quick ratio of 1.26.

AZZ (NYSE:AZZ) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. AZZ had a return on equity of 16.99% and a net margin of 7.94%. The company had revenue of $403.65 million for the quarter, compared to analyst estimates of $394.30 million. During the same quarter in the previous year, the company earned $1.19 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that AZZ will post 5.13 earnings per share for the current year.

Hedge Funds Weigh In On AZZ

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in shares of AZZ by 3,790.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 379 shares in the last quarter. US Bancorp DE lifted its stake in AZZ by 39.0% during the fourth quarter. US Bancorp DE now owns 463 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 130 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in AZZ by 202.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 475 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 318 shares during the last quarter. CWM LLC boosted its holdings in AZZ by 51.2% in the third quarter. CWM LLC now owns 694 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 235 shares in the last quarter. Finally, KBC Group NV increased its stake in AZZ by 50.8% in the fourth quarter. KBC Group NV now owns 1,244 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.