19 hours Ago By Defense World Staff
Empowered Funds LLC lifted its holdings in AZZ Inc. ( NYSE:AZZ – Free Report ) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 4,379 shares of the industrial products company’s stock after acquiring an additional 1,166 shares during the quarter. Empowered Funds LLC’s holdings in AZZ were worth $359,000 as of its most recent SEC filing. Several other institutional investors have also recently made changes to their positions in the business.
Nordea Investment Management AB acquired a new stake in AZZ during the 4th quarter worth about $7,798,000. Oliver Luxxe Assets LLC acquired a new stake in AZZ during the fourth quarter worth about $1,421,000. Assenagon Asset Management S.
A. raised its position in AZZ by 23.5% during the fourth quarter.
Assenagon Asset Management S.A. now owns 22,715 shares of the industrial products company’s stock valued at $1,861,000 after acquiring an additional 4,315 shares in the last quarter.
Hennessy Advisors Inc. lifted its holdings in AZZ by 6.8% in the fourth quarter.
Hennessy Advisors Inc. now owns 131,500 shares of the industrial products company’s stock valued at $10,772,000 after acquiring an additional 8,400 shares during the period. Finally, Geode Capital Management LLC boosted its position in AZZ by 1.
5% in the 3rd quarter. Geode Capital Management LLC now owns 675,603 shares of the industrial products company’s stock worth $55,823,000 after purchasing an additional 10,072 shares in the last quarter. Hedge funds and other institutional investors own 90.
93% of the company’s stock. Wall Street Analysts Forecast Growth AZZ has been the subject of several recent research reports. Jefferies Financial Group lifted their target price on shares of AZZ from $105.
00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 6th. Roth Mkm initiated coverage on shares of AZZ in a research report on Tuesday, February 11th.
They issued a “buy” rating and a $108.00 price objective for the company. Roth Capital upgraded AZZ to a “strong-buy” rating in a research report on Tuesday, February 11th.
Finally, B. Riley lifted their price target on AZZ from $99.00 to $111.
00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.
67. AZZ Price Performance AZZ stock opened at $97.96 on Friday.
The company has a fifty day simple moving average of $88.20 and a 200-day simple moving average of $84.17.
The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 66.19, a PEG ratio of 1.
38 and a beta of 1.30. The company has a quick ratio of 1.
26, a current ratio of 1.77 and a debt-to-equity ratio of 0.85.
AZZ Inc. has a 52-week low of $69.59 and a 52-week high of $99.
49. AZZ ( NYSE:AZZ – Get Free Report ) last released its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.
39 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10.
The company had revenue of $403.65 million during the quarter, compared to the consensus estimate of $394.30 million.
AZZ had a net margin of 7.94% and a return on equity of 16.99%.
AZZ’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.
19 EPS. On average, equities analysts anticipate that AZZ Inc. will post 5.
13 EPS for the current fiscal year. AZZ Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, January 30th were paid a dividend of $0.
17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.
69%. The ex-dividend date of this dividend was Thursday, January 30th. AZZ’s dividend payout ratio (DPR) is currently 45.
95%. 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.
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