6,382 Shares in AZZ Inc. (NYSE:AZZ) Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC acquired a new stake in shares of AZZ Inc. (NYSE:AZZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,382 shares of the industrial products company's stock, valued at approximately $534,000.

Other large investors also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of AZZ by 39.0% in the 4th quarter. US Bancorp DE now owns 463 shares of the industrial products company's stock valued at $38,000 after buying an additional 130 shares during the period. Raymond James Financial Inc. purchased a new position in shares of AZZ during the 4th quarter worth approximately $5,052,000. Amundi boosted its position in shares of AZZ by 184.2% during the 4th quarter. Amundi now owns 14,920 shares of the industrial products company's stock worth $1,240,000 after purchasing an additional 9,671 shares during the period. HighTower Advisors LLC boosted its position in shares of AZZ by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 77,671 shares of the industrial products company's stock worth $6,363,000 after purchasing an additional 450 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of AZZ by 32.4% during the 4th quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company's stock worth $42,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Buying and Selling at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 26,889 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $85.88, for a total transaction of $2,309,227.32. Following the transaction, the chief executive officer directly owned 211,458 shares in the company, valued at $18,160,013.04. This represents a 11.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.77% of the company's stock.

AZZ Trading Down 0.0%

AZZ stock traded down $0.03 on Friday, hitting $111.87. 323,589 shares of the company were exchanged, compared to its average volume of 221,659. AZZ Inc. has a twelve month low of $69.59 and a twelve month high of $113.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.51 and a quick ratio of 1.10. The business's fifty day moving average is $94.93 and its two-hundred day moving average is $89.98. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 12.96 and a beta of 1.24.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 9th. The industrial products company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.59 by $0.19. AZZ had a net margin of 16.40% and a return on equity of 15.54%. The firm had revenue of $421,962 billion during the quarter, compared to analyst estimates of $435.91 million. During the same quarter in the prior year, the business posted $1.46 earnings per share. AZZ's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that AZZ Inc. will post 5.13 earnings per share for the current year.

AZZ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.20 per share. This is an increase from AZZ's previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, July 10th. AZZ's payout ratio is currently 9.27%.

Analysts Set New Price Targets

AZZ has been the topic of a number of research reports. Wall Street Zen upgraded shares of AZZ from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Evercore ISI increased their target price on shares of AZZ from $90.00 to $108.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Sidoti lowered shares of AZZ from a "buy" rating to a "neutral" rating and set a $101.00 target price on the stock. in a report on Monday, June 9th. Robert W. Baird increased their target price on shares of AZZ from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Finally, Noble Financial reiterated an "outperform" rating on shares of AZZ in a report on Monday, July 14th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AZZ has an average rating of "Moderate Buy" and a consensus price target of $108.00.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.