Jackson Creek Investment Advisors LLC Acquires Shares of 19,295 AZZ Inc. (NYSE:AZZ)

Jackson Creek Investment Advisors LLC bought a new position in AZZ Inc. (NYSE:AZZ) in the fourth quarter, HoldingsChannel.com reports. The fund bought 19,295 shares of the industrial products company’s stock, valued at approximately $1,121,000.

A number of other hedge funds have also modified their holdings of AZZ. Covestor Ltd boosted its position in AZZ by 131.5% in the third quarter. Covestor Ltd now owns 903 shares of the industrial products company’s stock valued at $41,000 after buying an additional 513 shares in the last quarter. Strs Ohio acquired a new position in shares of AZZ in the 4th quarter worth approximately $197,000. Victory Capital Management Inc. bought a new stake in AZZ during the 3rd quarter worth approximately $203,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AZZ by 41.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,789 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Beddow Capital Management Inc. bought a new position in shares of AZZ in the fourth quarter valued at about $238,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on AZZ shares. StockNews.com upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Noble Financial downgraded shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a research report on Friday, March 22nd. Finally, B. Riley boosted their price target on shares of AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd.

AZZ Trading Down 1.4 %

NYSE AZZ traded down $1.05 on Tuesday, reaching $71.63. The company had a trading volume of 1,039,589 shares, compared to its average volume of 243,260. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 1.36. AZZ Inc. has a 52 week low of $34.59 and a 52 week high of $84.52. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.06 and a beta of 1.28. The stock’s 50 day moving average is $75.29 and its 200-day moving average is $61.98.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.23. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The business had revenue of $366.50 million for the quarter, compared to the consensus estimate of $351.67 million. During the same period last year, the company posted $0.30 EPS. AZZ’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts predict that AZZ Inc. will post 4.83 earnings per share for the current year.

AZZ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is 19.83%.

AZZ 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.