Notable Price Action: What’s Propelling AZZ Inc to Increase So Much?

Notable Price Action: What's Propelling AZZ Inc to Increase So Much?

The stock of AZZ Inc (NYSE:AZZ) is a huge mover today! About 214,581 shares traded hands or 29.45% up from the average. AZZ Inc (NYSE:AZZ) has risen 3.17% since March 3, 2016 and is uptrending. It has underperformed by 5.18% the S&P500.
The move comes after 5 months positive chart setup for the $1.27 billion company. It was reported on Oct, 6 by We have $94.35 PT which if reached, will make NYSE:AZZ worth $838.20M more.

AZZ Inc (NYSE:AZZ) Ratings Coverage

Out of 3 analysts covering AZZ (NYSE:AZZ), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. AZZ has been the topic of 4 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, March 28 by Stifel Nicolaus. BB&T Capital downgraded the stock to “Hold” rating in Monday, January 11 report. The stock of AZZ Inc (NYSE:AZZ) earned “Buy” rating by Zacks on Tuesday, September 1. The stock of AZZ Inc (NYSE:AZZ) earned “Neutral” rating by Sidoti on Monday, October 12.

According to Zacks Investment Research, “AZZ Incorporated is an electrical equipment and components manufacturer serving the global growth markets of power generation, transmission and distribution, and industrial markets as well as a provider of hot dip galvanizing services to the steel fabrication market nationwide.”

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.07, from 1.04 in 2016Q1. The ratio is positive, as 15 funds sold all AZZ Inc shares owned while 56 reduced positions. 15 funds bought stakes while 64 increased positions. They now own 21.32 million shares or 1.25% less from 21.59 million shares in 2016Q1.
Kistler holds 0% or 6 shares in its portfolio. The New York-based Bnp Paribas Arbitrage has invested 0% in AZZ Inc (NYSE:AZZ). Swiss National Bank accumulated 42,700 shares or 0% of the stock. Aqr Ltd Company last reported 0% of its portfolio in the stock. Mutual Of America Cap Mngmt Ltd Liability Com holds 0.31% or 244,377 shares in its portfolio. First Personal Service has 176 shares for 0% of their US portfolio. Northpointe Cap Ltd Liability accumulated 3,119 shares or 0.02% of the stock. Raymond James Inc owns 9,426 shares or 0.01% of their US portfolio. Qs Limited Liability last reported 0% of its portfolio in the stock. Hancock Communications last reported 157,365 shares in the company. Blackrock Fund Advisors last reported 1.64 million shares in the company. Price T Rowe Associate Inc Md holds 0.02% or 1.78 million shares in its portfolio. The British Columbia – Canada-based Pacad Ltd has invested 0% in AZZ Inc (NYSE:AZZ). Aperio Group Llc holds 0% of its portfolio in AZZ Inc (NYSE:AZZ) for 3,684 shares. Ironwood Investment Mngmt Lc has invested 0.8% of its portfolio in AZZ Inc (NYSE:AZZ).

Insider Transactions: Since April 29, 2016, the stock had 5 insider purchases, and 2 sales for $226,005 net activity. Another trade for 214 shares valued at $10,199 was bought by EMERY MATTHEW VARLEY. Mackey Tara D also bought $13,870 worth of AZZ Inc (NYSE:AZZ) on Tuesday, September 6. $204,674 worth of shares were sold by DOWNEY H KIRK on Friday, April 29. Pendley Timothy E bought 109 shares worth $4,188. Another trade for 300 shares valued at $11,634 was made by Bacius Chris M. on Tuesday, September 6. Steines Robert Joseph also bought $13,202 worth of AZZ Inc (NYSE:AZZ) shares.

More notable recent AZZ Inc (NYSE:AZZ) news were published by: which released: “AZZ, Inc. (AZZ) Raises Quarterly Dividend 13.3% to $0.17; 1% Yield” on March 27, 2015, also with their article: “AZZ Inc. Reports Financial Results for the Second Quarter of Fiscal Year 2017” published on October 05, 2016, published: “AZZ Inc. Announces the Divestiture of its Nuclear Logistics LLC Operating Unit …” on October 03, 2016. More interesting news about AZZ Inc (NYSE:AZZ) were released by: and their article: “BRIEF-Azz Inc Q2 EPS $0.38” published on October 05, 2016 as well as‘s news article titled: “AZZ Inc (AZZ) Gifts Investors with 13.3% Increase in Dividend” with publication date: October 04, 2016.

AZZ Company Profile

AZZ Inc., incorporated on March 29, 1956, is a well-known provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Firm operates through two divisions: Energy segment and Galvanizing segment. The Firm operates in Canada, China, Brazil, Poland and the Netherlands.

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