Here is the rundown on market activity for AZZ Inc. (NYSE:AZZ). Thomas E. Ferguson, President and CEO disclosed the purchase of 5,000 shares of (AZZ). The shares were purchased at an average price of $49.59. The President and CEO now owns $2,431,745 of the stock according to the SEC filing. H. Kirk Downey, Director let go of $235,305 worth of shares at an average price of $57.56 on Wed the 10th. That brings the Director’s holdings to $527,019 as recorded in a recent Form 4 SEC filing.
H. Kirk Downey, Director sold $8,097 worth of shares at an average price of $59.10 on Mon the 1st. The Director now owns $782,720 of the stock per an SEC filing yesterday.
AZZ Inc., launched on March 29, 1956, 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. The Company operates in Canada, China, Brazil, Poland and the Netherlands..
Here are a few other firms who have also updated their positions. As of quarter end Morgan Stanley had disposed of 349 shares trimming its holdings by 2.0%. The value of the total investment in AZZ Inc. decreased from $1,101,000 to $1,004,000 decreasing 8.8% for the reporting period. Tower Research Capital LLC (trc) reduced its ownership by shedding 639 shares a decrease of 86.5% as of 03/31/2017. Tower Research Capital LLC (trc) owns 100 shares worth $6,000. The value of the position overall is down by 87.2%.
As of the end of the quarter Goldman Sachs Group Inc had bought a total of 5,276 shares growing its stake by 74.7%. The value of the investment in AZZ went from $451,000 to $734,000 a change of 62.7% since the last quarter. Ironwood Investment Management LLC expanded its holdings by buying 65 shares an increase of 0.4%. Ironwood Investment Management LLC now holds 17,925 shares with a value of $1,067,000. The total value of its holdings decreased 6.5%.
On December 8 the company was downgraded to “Sell” from “Hold” by Stifel Nicolaus. On March 28, 2016 Stifel Nicolaus starting coverage on the stock with a rating of “Hold”.
On January 11, 2016 the stock rating was changed to a “Hold” according to a BB&T Capital report down from the previous “Buy” rating. On October 12 the stock rating was downgraded from “Buy” to “Neutral” in a statement from Sidoti & Co..
April 4 investment analysts at DA Davidson held the company rating at “Buy” but raised the price expectation from $50.00 to $53.00.
The company is down from yesterday’s close of $49. The company recently declared a dividend for shareholders to be paid on Tuesday August 1st, 2017. The dividend will be $0.170 per share for the quarter or $0.68 on an annualized basis. This dividend amount will represent a yeild of $1.40. The ex-dividend date is set for Monday the 24th of April 2017.
Shares last traded at $48.85 a tad under $55.61, the 50 day moving average and just a bit lower than the 200 day moving average of $58.60. The 50 day moving average was down $-6.76 whereas the 200 day moving average was down $-9.75 or -16.64%.
The P/E ratio is currently 24.05 and the market cap is 1.27B. As of the last earnings report the EPS was $2.03 and is projected to be $2.69 for the current year with 25,994,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.83 with next year’s EPS anticipated to be $3.07.