AZZ Inc. (NYSE:AZZ) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in AZZ Inc. (NYSE:AZZ) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,202 shares of the industrial products company’s stock after selling 90,017 shares during the quarter. AZZ accounts for approximately 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 21st biggest holding. Segall Bryant & Hamill LLC owned about 2.08% of AZZ worth $50,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AZZ. Intech Investment Management LLC boosted its stake in AZZ by 177.9% during the 3rd quarter. Intech Investment Management LLC now owns 10,660 shares of the industrial products company’s stock valued at $881,000 after purchasing an additional 6,824 shares during the period. Dynamic Technology Lab Private Ltd grew its position in AZZ by 258.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 12,689 shares of the industrial products company’s stock valued at $1,048,000 after buying an additional 9,149 shares in the last quarter. FMR LLC increased its stake in AZZ by 13.6% during the 3rd quarter. FMR LLC now owns 3,223,391 shares of the industrial products company’s stock valued at $266,284,000 after buying an additional 385,240 shares during the period. Advantage Alpha Capital Partners LP bought a new stake in shares of AZZ during the 3rd quarter worth about $2,039,000. Finally, Quantbot Technologies LP boosted its stake in AZZ by 366.7% during the 3rd quarter. Quantbot Technologies LP now owns 15,070 shares of the industrial products company’s stock valued at $1,245,000 after purchasing an additional 11,841 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

AZZ Trading Up 4.6 %

AZZ stock opened at $86.21 on Tuesday. AZZ Inc. has a 1-year low of $69.59 and a 1-year high of $99.49. 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 business’s 50 day moving average is $90.53 and its 200-day moving average is $86.03. The firm has a market cap of $2.58 billion, a P/E ratio of 58.25, a P/E/G ratio of 1.32 and a beta of 1.27.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The firm had revenue of $403.65 million for the quarter, compared to analysts’ expectations of $394.30 million. AZZ had a return on equity of 16.99% and a net margin of 7.94%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Equities analysts anticipate that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.68 annualized dividend and a yield of 0.79%. AZZ’s dividend payout ratio is 45.95%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AZZ shares. Roth Mkm began coverage on AZZ in a report on Tuesday, February 11th. They issued a “buy” rating and a $108.00 price target on the stock. Roth Capital upgraded AZZ to a “strong-buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group raised their target price on shares of AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 6th. B. Riley upped their price target on shares of AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Noble Financial restated an “outperform” rating on shares of AZZ in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.67.

About AZZ

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.