2 weeks Ago By ABMN Staff
Intech Investment Management LLC purchased a new position in AZZ Inc. ( NYSE:AZZ – Free Report ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,836 shares of the industrial products company’s stock, valued at approximately $296,000.
A number of other hedge funds also recently bought and sold shares of AZZ. Norges Bank purchased a new stake in AZZ during the fourth quarter valued at $9,715,000. Intrinsic Edge Capital Management LLC purchased a new stake in AZZ during the fourth quarter valued at $1,162,000.
Financial Synergies Wealth Advisors Inc. purchased a new stake in AZZ during the first quarter valued at $32,000. Hennion & Walsh Asset Management Inc.
purchased a new stake in AZZ in the first quarter worth about $215,000. Finally, Claro Advisors LLC purchased a new stake in AZZ in the first quarter worth about $237,000. Hedge funds and other institutional investors own 90.
93% of the company’s stock. AZZ Stock Performance NYSE AZZ opened at $82.29 on Friday.
The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 76.91, a price-to-earnings-growth ratio of 1.
18 and a beta of 1.24. The company has a quick ratio of 1.
28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36.
The business has a 50-day moving average price of $78.82 and a 200-day moving average price of $78.43.
AZZ Inc. has a twelve month low of $43.48 and a twelve month high of $88.
67. Insider Buying and Selling In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $84.
79, for a total transaction of $1,233,270.55. Following the completion of the transaction, the chief operating officer now owns 20,000 shares in the company, valued at $1,695,800.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . In related news, COO Bryan Lee Stovall sold 14,545 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $84.
79, for a total value of $1,233,270.55. Following the completion of the transaction, the chief operating officer now owns 20,000 shares of the company’s stock, valued at approximately $1,695,800.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, insider Tara D. Mackey sold 331 shares of the stock in a transaction dated Monday, July 15th.
The shares were sold at an average price of $83.50, for a total transaction of $27,638.50.
Following the completion of the transaction, the insider now directly owns 34,229 shares of the company’s stock, valued at approximately $2,858,121.50. The disclosure for this sale can be found here .
2.10% of the stock is currently owned by company insiders. Wall Street Analyst Weigh In A number of analysts have commented on the company.
B. Riley upped their price target on AZZ from $89.00 to $99.
00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Robert W. Baird assumed coverage on AZZ in a research report on Tuesday, July 23rd.
They issued a “neutral” rating and a $90.00 price target for the company. Wolfe Research assumed coverage on AZZ in a research report on Wednesday, July 31st.
They issued a “peer perform” rating for the company. Baird R W upgraded AZZ to a “hold” rating in a research report on Tuesday, July 23rd. Finally, Evercore ISI initiated coverage on AZZ in a research note on Friday, June 14th.
They issued an “outperform” rating and a $90.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
Based on data from MarketBeat, AZZ has a consensus rating of “Moderate Buy” and an average target price of $95.80. Check Out Our Latest Stock Analysis 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. Featured Stories 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.
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