Jump Financial LLC Buys Shares of 22,138 AZZ Inc. (NYSE:AZZ)

Jump Financial LLC acquired a new stake in AZZ Inc. (NYSE:AZZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,138 shares of the industrial products company's stock, valued at approximately $1,286,000. Jump Financial LLC owned about 0.09% of AZZ at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AZZ. Covestor Ltd increased its position in AZZ by 131.5% during the third quarter. Covestor Ltd now owns 903 shares of the industrial products company's stock worth $41,000 after purchasing an additional 513 shares during the last quarter. Strs Ohio acquired a new position in AZZ during the fourth quarter worth approximately $197,000. Beddow Capital Management Inc. acquired a new position in AZZ during the fourth quarter worth approximately $238,000. Mutual of America Capital Management LLC acquired a new position in AZZ during the fourth quarter worth approximately $255,000. Finally, Victory Capital Management Inc. acquired a new position in AZZ during the third quarter worth approximately $203,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Wall Street Analysts Forecast Growth

AZZ has been the subject of several research analyst reports. StockNews.com raised shares of AZZ from a "hold" rating to a "buy" rating in a research report on Monday. B. Riley boosted their price objective on shares of AZZ from $67.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, April 23rd. Finally, Noble Financial downgraded shares of AZZ from an "outperform" rating to a "market perform" rating and set a $75.00 price objective for the company. in a research note on Friday, March 22nd.

AZZ Trading Down 0.3 %

AZZ traded down $0.26 during trading on Friday, hitting $76.64. 251,240 shares of the company's stock were exchanged, compared to its average volume of 247,842. 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 1 year low of $34.59 and a 1 year high of $84.52. The stock has a 50 day moving average price of $76.19 and a 200 day moving average price of $64.43. The firm has a market cap of $2.28 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26.

AZZ (NYSE:AZZ - Get Free Report) last released its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.23. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The company had revenue of $366.50 million during the quarter, compared to the consensus estimate of $351.67 million. During the same period in the previous year, the firm earned $0.30 earnings per share. AZZ's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts expect that AZZ Inc. will post 4.83 EPS for the current fiscal year.

AZZ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th were paid a $0.17 dividend. The ex-dividend date was Tuesday, April 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.89%. AZZ's dividend payout ratio (DPR) is presently 19.83%.

AZZ Company Profile

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.