AZZ Inc. (NYSE:AZZ) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in shares of AZZ Inc. (NYSE:AZZ) by 51.2% in the third quarter, HoldingsChannel reports. The firm owned 694 shares of the industrial products company’s stock after buying an additional 235 shares during the period. Cwm LLC’s holdings in AZZ were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of AZZ in the third quarter worth about $1,269,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in AZZ during the 2nd quarter valued at about $1,777,000. Point72 DIFC Ltd purchased a new stake in AZZ during the 2nd quarter valued at about $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in AZZ during the 2nd quarter valued at about $67,000. Finally, Delphi Management Inc. MA grew its stake in AZZ by 11.9% during the 2nd quarter. Delphi Management Inc. MA now owns 23,685 shares of the industrial products company’s stock valued at $1,830,000 after acquiring an additional 2,521 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AZZ has been the topic of several recent analyst reports. Robert W. Baird initiated coverage on shares of AZZ in a report on Tuesday, July 23rd. They issued a “neutral” rating and a $90.00 target price on the stock. Baird R W upgraded shares of AZZ to a “hold” rating in a report on Tuesday, July 23rd. B. Riley upped their price objective on shares of AZZ from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Wolfe Research assumed coverage on shares of AZZ in a report on Wednesday, July 31st. They issued a “peer perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.80.

AZZ Trading Up 0.5 %

Shares of NYSE:AZZ opened at $76.52 on Monday. AZZ Inc. has a 52 week low of $45.62 and a 52 week high of $88.67. The company’s 50 day moving average is $79.52 and its two-hundred day moving average is $78.79. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.28 billion, a PE ratio of 71.51, a P/E/G ratio of 1.18 and a beta of 1.23.

AZZ (NYSE:AZZ) last posted its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $409.01 million for the quarter, compared to the consensus estimate of $409.50 million. AZZ had a net margin of 7.63% and a return on equity of 18.19%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.27 EPS. Equities analysts predict that AZZ Inc. will post 4.95 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, October 18th. AZZ’s dividend payout ratio is currently 63.55%.

AZZ Company Profile

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.