19 hours Ago By ABMN Staff
Empowered Funds LLC grew its position in AZZ Inc. ( NYSE:AZZ – Free Report ) by 36.3% in the 4th quarter, HoldingsChannel.
com reports. The institutional investor owned 4,379 shares of the industrial products company’s stock after purchasing an additional 1,166 shares during the period. Empowered Funds LLC’s holdings in AZZ were worth $359,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new position in AZZ in the third quarter valued at about $61,139,000. FMR LLC raised its stake in shares of AZZ by 13.
6% in the 3rd quarter. FMR LLC now owns 3,223,391 shares of the industrial products company’s stock valued at $266,284,000 after acquiring an additional 385,240 shares during the period. Nordea Investment Management AB acquired a new position in shares of AZZ in the 4th quarter worth approximately $7,798,000.
Barclays PLC boosted its position in shares of AZZ by 389.1% during the 3rd quarter. Barclays PLC now owns 51,458 shares of the industrial products company’s stock worth $4,250,000 after purchasing an additional 40,938 shares during the period.
Finally, State Street Corp boosted its position in shares of AZZ by 2.6% during the 3rd quarter. State Street Corp now owns 1,100,189 shares of the industrial products company’s stock worth $90,887,000 after purchasing an additional 27,710 shares during the period.
Hedge funds and other institutional investors own 90.93% of the company’s stock. AZZ Trading Down 0.
8 % NYSE:AZZ opened at $97.96 on Friday. AZZ Inc.
has a 12-month low of $69.59 and a 12-month high of $99.49.
The firm has a market cap of $2.93 billion, a PE ratio of 66.19, a price-to-earnings-growth ratio of 1.
38 and a beta of 1.30. The company has a current ratio of 1.
77, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85.
The stock has a fifty day moving average price of $88.20 and a 200 day moving average price of $84.17.
AZZ Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.17 per share.
This represents a $0.68 annualized dividend and a yield of 0.69%.
The ex-dividend date of this dividend was Thursday, January 30th. AZZ’s dividend payout ratio (DPR) is presently 45.95%.
Analyst Ratings Changes A number of brokerages have issued reports on AZZ. Roth Mkm started coverage on AZZ in a research report on Tuesday, February 11th. They issued a “buy” rating and a $108.
00 target price on the stock. Jefferies Financial Group boosted their price objective on AZZ from $105.00 to $110.
00 and gave the company a “buy” rating in a report on Friday, December 6th. B. Riley raised their target price on AZZ from $99.
00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Roth Capital upgraded shares of AZZ to a “strong-buy” rating in a research note on Tuesday, February 11th.
Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.
67. Get Our Latest Research 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.
Further Reading Want to see what other hedge funds are holding AZZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AZZ Inc. ( NYSE:AZZ – Free Report ).
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