Jackson Creek Investment Advisors LLC purchased a new stake in shares of AZZ Inc. (NYSE:AZZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,295 shares of the industrial products company's stock, valued at approximately $1,121,000. Jackson Creek Investment Advisors LLC owned 0.08% of AZZ at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in AZZ by 4,165.2% in the third quarter. Deutsche Bank AG now owns 410,142 shares of the industrial products company's stock valued at $18,694,000 after acquiring an additional 400,526 shares during the period. FMR LLC lifted its stake in shares of AZZ by 4,211.2% in the 3rd quarter. FMR LLC now owns 365,590 shares of the industrial products company's stock worth $16,664,000 after purchasing an additional 357,110 shares during the period. HighTower Advisors LLC purchased a new position in shares of AZZ in the third quarter worth approximately $5,216,000. Kennedy Capital Management LLC boosted its holdings in shares of AZZ by 37.2% in the third quarter. Kennedy Capital Management LLC now owns 282,716 shares of the industrial products company's stock worth $12,886,000 after buying an additional 76,697 shares during the last quarter. Finally, Ballast Asset Management LP bought a new stake in AZZ during the third quarter valued at approximately $3,065,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
AZZ Stock Performance
NYSE AZZ traded down $1.06 on Tuesday, reaching $71.62. 1,039,589 shares of the stock were exchanged, compared to its average volume of 243,260. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. AZZ Inc. has a one year low of $34.59 and a one year high of $84.52. The firm has a market capitalization of $1.80 billion, a PE ratio of 20.88, a PEG ratio of 1.06 and a beta of 1.28. The company's 50-day simple moving average is $75.29 and its two-hundred day simple moving average is $61.98.
AZZ (NYSE:AZZ - Get Free Report) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.23. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The firm had revenue of $366.50 million during the quarter, compared to analysts' expectations of $351.67 million. During the same period in the prior year, the company posted $0.30 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts expect that AZZ Inc. will post 4.83 EPS for the current fiscal year.
AZZ Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.95%. AZZ's payout ratio is 19.83%.
Wall Street Analyst Weigh In
AZZ has been the topic of several analyst reports. Noble Financial cut shares of AZZ from an "outperform" rating to a "market perform" rating and set a $75.00 price target on the stock. in a research note on Friday, March 22nd. StockNews.com raised AZZ from a "hold" rating to a "buy" rating in a report on Thursday, April 25th. Finally, B. Riley boosted their price target on AZZ from $67.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, April 23rd.
View Our Latest Report on AZZ
About AZZ
(
Free Report)
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.
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