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AZZ Inc. (NYSE:AZZ) Shares Sold by Gamco Investors INC. ET AL

AZZ logo with Industrial Products background

Gamco Investors INC. ET AL lowered its stake in AZZ Inc. (NYSE:AZZ - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 687,248 shares of the industrial products company's stock after selling 9,956 shares during the quarter. Gamco Investors INC. ET AL owned about 2.74% of AZZ worth $39,922,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd increased its holdings in shares of AZZ by 131.5% in the 3rd quarter. Covestor Ltd now owns 903 shares of the industrial products company's stock worth $41,000 after buying an additional 513 shares during the last quarter. Strs Ohio bought a new stake in shares of AZZ in the 4th quarter worth about $197,000. Victory Capital Management Inc. bought a new position in AZZ during the 3rd quarter valued at about $203,000. Beddow Capital Management Inc. bought a new position in AZZ during the 4th quarter valued at about $238,000. Finally, Mutual of America Capital Management LLC bought a new position in AZZ during the 4th quarter valued at about $255,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

AZZ has been the topic of several analyst reports. B. Riley upped their price target on shares of AZZ from $67.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, April 23rd. Jefferies Financial Group initiated coverage on shares of AZZ in a report on Monday, May 20th. They set a "buy" rating and a $105.00 price target on the stock. Noble Financial upgraded shares of AZZ from a "market perform" rating to an "outperform" rating and set a $95.00 target price on the stock in a research note on Tuesday. Finally, downgraded shares of AZZ from a "buy" rating to a "hold" rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.00.

View Our Latest Stock Analysis on AZZ

AZZ Stock Down 1.1 %

Shares of AZZ traded down $0.84 during mid-day trading on Thursday, hitting $78.41. The company's stock had a trading volume of 164,683 shares, compared to its average volume of 245,220. The company's 50-day moving average is $78.38 and its 200-day moving average is $68.98. AZZ Inc. has a 52-week low of $38.60 and a 52-week high of $86.94. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.13 and a beta of 1.27. 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 (NYSE:AZZ - Get Free Report) last posted its earnings results on Monday, April 22nd. The industrial products company reported $0.93 EPS for the quarter, beating 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 company had revenue of $366.50 million during the quarter, compared to analysts' expectations of $351.67 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. AZZ's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that AZZ Inc. will post 4.85 EPS for the current fiscal year.

AZZ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Wednesday, April 17th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a $0.68 dividend on an annualized basis and a yield of 0.87%. AZZ's payout ratio is 19.83%.

AZZ Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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