Is Azz Incorporated (NYSE:AZZ) a Buy? The Stock Reported more Sellers

December 8, 2017 - By Peter Erickson

 Is Azz Incorporated (NYSE:AZZ) a Buy? The Stock Reported more Sellers

Investors sentiment increased to 1.23 in Q2 2017. Its up 0.26, from 0.97 in 2017Q1. It is positive, as 10 investors sold AZZ Inc. shares while 46 reduced holdings. 18 funds opened positions while 51 raised stakes. 21.89 million shares or 2.20% less from 22.39 million shares in 2017Q1 were reported.
M&T State Bank Corp owns 4,269 shares for 0% of their portfolio. Rhumbline Advisers invested in 0.01% or 56,673 shares. King Luther Capital holds 237,825 shares. Public Sector Pension Invest Board holds 0.01% or 13,325 shares in its portfolio. Gamco Investors Et Al invested in 0.02% or 54,100 shares. Bbva Compass Bancorp Incorporated owns 4,135 shares or 0.02% of their US portfolio. Meeder Asset Management Inc stated it has 0% in AZZ Inc. (NYSE:AZZ). Riverhead Capital Mngmt Ltd, a Delaware-based fund reported 1,531 shares. Public Employees Retirement System Of Ohio holds 1,317 shares. Moreover, Voya Investment Mgmt Lc has 0% invested in AZZ Inc. (NYSE:AZZ) for 12,423 shares. The Maryland-based Price T Rowe Incorporated Md has invested 0.02% in AZZ Inc. (NYSE:AZZ). Natl Bank Of Montreal Can invested 0% of its portfolio in AZZ Inc. (NYSE:AZZ). Mason Street Advsr Ltd Liability Corporation reported 6,422 shares or 0.01% of all its holdings. Stanley has 8,774 shares. Susquehanna Int Gru Inc Llp stated it has 3,611 shares.

The stock of Azz Incorporated (NYSE:AZZ) registered an increase of 29.98% in short interest. AZZ’s total short interest was 956,800 shares in December as published by FINRA. Its up 29.98% from 736,100 shares, reported previously. With 111,000 shares average volume, it will take short sellers 9 days to cover their AZZ’s short positions. The short interest to Azz Incorporated’s float is 3.74%.

The stock decreased 0.11% or $0.05 during the last trading session, reaching $47.45. About 69,931 shares traded. AZZ Inc. (NYSE:AZZ) has declined 1.54% since December 8, 2016 and is downtrending. It has underperformed by 18.24% the S&P500.

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 $1.23 billion. The firm operates through two divisions, Energy and Galvanizing Services. It has a 24.09 P/E ratio. The Energy segment provides specialized services and products designed to support industrial, nuclear, and electrical applications.

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 has $60 highest and $52 lowest target. $52’s average target is 9.59% above currents $47.45 stock price. AZZ had 9 analyst reports since September 1, 2015 according to SRatingsIntel. On Thursday, September 7 the stock rating was maintained by Stifel Nicolaus with “Hold”. Zacks downgraded the shares of AZZ in report on Tuesday, September 1 to “Buy” rating. As per Monday, March 28, the company rating was initiated by Stifel Nicolaus. The stock has “Sell” rating by Stifel Nicolaus on Thursday, December 8. Sidoti downgraded AZZ Inc. (NYSE:AZZ) on Monday, October 12 to “Neutral” rating. On Tuesday, January 10 the stock rating was upgraded by Stifel Nicolaus to “Hold”. The stock has “Hold” rating by BB&T Capital on Monday, January 11. As per Wednesday, September 27, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the shares of AZZ in report on Friday, July 7 with “Hold” rating.

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