From MarketBeat:

AZZ Inc.’s stock price hit a new 52-week high after better-than-expected quarterly earnings. Earnings per share were $1.19, with quarterly revenue at $381.60 million. Analysts have issued a “Moderate Buy” rating and a price target of $57.33 for the stock.

Institutional investors have recently bought and sold AZZ shares, with 88.16% of the stock owned by hedge funds. The company’s 50-day moving average is $51.84 and its 200-day moving average is $47.82. It has a market cap of $1.57 billion.

AZZ provides hot-dip galvanizing and coil coating solutions globally. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. It focuses on metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating.

This instant news alert was generated with financial data from MarketBeat. The story was reviewed prior to publication. Please send any questions or comments about this story to [email protected]. MarketBeat has also identified the five stocks that top analysts are quietly whispering to their clients to buy.

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Read more: AZZ (NYSE:AZZ) Hits New 1-Year High After Earnings Beat