AZZ Inc. (NYSE:azz) declared a quarterly dividend on Friday, September 30th. Shareholders of record on Tuesday, October 18th will be paid a dividend of 0.17 per share on Tuesday, November 1st. This represents a $0.68 dividend on an annualized basis and a 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. The company has a market cap of $1.69 billion, a PE ratio of 21.76 and a beta of 1.34. The firm has a 50-day moving average of $65.40 and a 200-day moving average of $60.20. AZZ has a one year low of $47.04 and a one year high of $67.98.
In related news, Director Wallace P. Eisman acquired 1,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were bought at an average price of $62.27 per share, for a total transaction of $62,270.00. Following the acquisition, the director now owns 4,641 shares in the company, valued at approximately $288,995.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Timothy E. Pendley sold 1,200 shares of the business’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $62.02, for a total transaction of $74,424.00. Following the transaction, the senior vice president now owns 30,980 shares in the company, valued at approximately $1,921,379.60. The disclosure for this sale can be found here. 0.01% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. TFS Capital LLC increased its position in AZZ by 7.6% in the second quarter. TFS Capital LLC now owns 28,169 shares of the company’s stock valued at $1,690,000 after buying an additional 1,999 shares during the last quarter. United Services Automobile Association increased its position 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. Public Sector Pension Investment Board increased its position in AZZ by 2.8% in the second quarter. Public Sector Pension Investment Board now owns 18,325 shares of the company’s stock valued at $1,099,000 after buying an additional 500 shares during the last quarter. AXA increased its position in AZZ by 8.3% in the second quarter. AXA now owns 67,600 shares of the company’s stock valued at $4,055,000 after buying an additional 5,200 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in AZZ by 6.5% in the second quarter. Alliancebernstein L.P. now owns 39,445 shares of the company’s stock valued at $2,366,000 after buying an additional 2,400 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.
Several brokerages recently commented on AZZ. Zacks Investment Research downgraded shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday, July 8th. DA Davidson reiterated a “hold” rating and issued a $55.00 target price on shares of AZZ in a report on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $60.00.
AZZ Company Profile
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.
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