AZZ Inc. (AZZ) Can’t Burn Your Short Portfolio. Just Reaches 52 Week Low

February 10, 2018 - By Migdalia James

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.04, from 1.23 in 2017Q2. It dived, as 18 investors sold AZZ Inc. shares while 39 reduced holdings. 16 funds opened positions while 52 raised stakes. 22.73 million shares or 3.80% more from 21.89 million shares in 2017Q2 were reported.
Dimensional Fund Advsrs Lp owns 1.03M shares. 20,000 were reported by Teton Advsrs. Nj State Employees Deferred Compensation Plan reported 12,000 shares. First Manhattan reported 0.03% of its portfolio in AZZ Inc. (NYSE:AZZ). New York State Common Retirement Fund invested in 0% or 31,800 shares. Cullen Frost Bankers Incorporated has 0.01% invested in AZZ Inc. (NYSE:AZZ) for 4,636 shares. Riverhead Capital Management Llc stated it has 1,700 shares or 0% of all its holdings. State Of Tennessee Treasury Department has 0.01% invested in AZZ Inc. (NYSE:AZZ). Parkside State Bank And Trust holds 24 shares or 0% of its portfolio. Barclays Plc accumulated 2,057 shares. Citigroup has invested 0% in AZZ Inc. (NYSE:AZZ). New York State Teachers Retirement System stated it has 0% in AZZ Inc. (NYSE:AZZ). California Employees Retirement Systems reported 0% stake. Blackrock reported 0.01% of its portfolio in AZZ Inc. (NYSE:AZZ). International Group owns 20,570 shares.

The stock of AZZ Inc. (NYSE:AZZ) hit a new 52-week low and has $39.71 target or 7.00 % below today’s $42.70 share price. The 7 months bearish chart indicates high risk for the $1.11 billion company. The 1-year low was reported on Feb, 10 by If the $39.71 price target is reached, the company will be worth $77.63 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 2.40% or $1 during the last trading session, reaching $42.7. About 210,038 shares traded or 42.60% up from the average. AZZ Inc. (NYSE:AZZ) has declined 1.54% since February 10, 2017 and is downtrending. It has underperformed by 18.24% the S&P500.

AZZ Inc. (NYSE:AZZ) Ratings Coverage

Among 3 analysts covering AZZ (NYSE:AZZ), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. AZZ had 9 analyst reports since September 1, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of AZZ in report on Wednesday, September 27 with “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Monday, March 28. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, September 7 report. The company was maintained on Friday, July 7 by Stifel Nicolaus. The stock of AZZ Inc. (NYSE:AZZ) earned “Sell” rating by Stifel Nicolaus on Thursday, December 8. The rating was downgraded by Sidoti to “Neutral” on Monday, October 12. As per Monday, January 11, the company rating was downgraded by BB&T Capital. The firm has “Buy” rating by Zacks given on Tuesday, September 1. The company was upgraded on Tuesday, January 10 by Stifel Nicolaus.

More notable recent AZZ Inc. (NYSE:AZZ) news were published by: which released: “AZZ Inc. Announces Quarterly Cash Dividend of $0.17 Per Share” on January 19, 2018, also with their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on …” published on February 03, 2018, published: “AZZ Inc. Updates Investors and It’s a Mixed Bag” on January 16, 2018. More interesting news about AZZ Inc. (NYSE:AZZ) were released by: and their article: “Block & Leviton LLP Announces The Filing Of A Securities Class Action Against …” published on January 11, 2018 as well as‘s news article titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of AZZ Inc. of …” with publication date: January 22, 2018.

AZZ Inc. provides galvanizing services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company has market cap of $1.11 billion. The firm operates through two divisions, Energy and Galvanizing Services. It has a 21.68 P/E ratio. The Energy segment provides specialized services and products designed to support industrial, nuclear, and electrical applications.

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