Zacks Investment Research upgraded shares of AZZ (NYSE:AZZ) from a sell rating to a hold rating in a report issued on Friday.
According to Zacks, “AZZ Inc. is a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal and electrical systems used to build and enhance the world’s infrastructure. AZZ Metal Coatings is a leading provider of metal finishing solutions for corrosion protection, including hot dip galvanizing to the North American steel fabrication industry. AZZ Energy is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide. “
Shares of AZZ (AZZ) opened at $44.40 on Friday. The firm has a market cap of $1,150.00, a price-to-earnings ratio of 22.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 2.57. AZZ has a 52 week low of $40.00 and a 52 week high of $61.55.
A number of large investors have recently modified their holdings of AZZ. M&T Bank Corp acquired a new stake in shares of AZZ in the 4th quarter worth $201,000. Xact Kapitalforvaltning AB acquired a new stake in shares of AZZ in the 4th quarter worth $222,000. Stoneridge Investment Partners LLC acquired a new stake in shares of AZZ in the 3rd quarter worth $221,000. Crossmark Global Holdings Inc. acquired a new stake in shares of AZZ in the 3rd quarter worth $251,000. Finally, Millennium Management LLC acquired a new stake in shares of AZZ in the 4th quarter worth $297,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.
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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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