State of Tennessee Department of Treasury Has $1.08 Million Holdings in AZZ Inc. (NYSE:AZZ)

State of Tennessee Department of Treasury lifted its position in shares of AZZ Inc. (NYSE:AZZ) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,120 shares of the industrial products company’s stock after purchasing an additional 1,532 shares during the quarter. State of Tennessee Department of Treasury’s holdings in AZZ were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of AZZ by 35.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,298 shares of the industrial products company’s stock worth $106,000 after buying an additional 341 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of AZZ by 151.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 20,193 shares of the industrial products company’s stock worth $1,654,000 after buying an additional 12,178 shares during the period. MetLife Investment Management LLC lifted its position in shares of AZZ by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 17,934 shares of the industrial products company’s stock worth $1,469,000 after buying an additional 977 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of AZZ by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,110,831 shares of the industrial products company’s stock worth $90,999,000 after buying an additional 29,306 shares during the period. Finally, GeoWealth Management LLC lifted its position in shares of AZZ by 11,448.0% during the 4th quarter. GeoWealth Management LLC now owns 2,887 shares of the industrial products company’s stock worth $237,000 after buying an additional 2,862 shares during the period. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Up 0.2 %

NYSE AZZ opened at $86.97 on Friday. The stock has a fifty day moving average of $85.21 and a 200-day moving average of $86.53. The stock has a market capitalization of $2.60 billion, a P/E ratio of 58.76, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. AZZ Inc. has a 52 week low of $69.59 and a 52 week high of $99.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.77.

AZZ (NYSE:AZZ) last released its earnings results on Monday, April 21st. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.95 by $0.03. The company had revenue of $351.88 million during the quarter, compared to analysts’ expectations of $367.78 million. AZZ had a return on equity of 16.99% and a net margin of 7.94%. On average, equities research analysts forecast that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 24th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, April 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.78%. AZZ’s dividend payout ratio (DPR) is presently 42.77%.

Analyst Ratings Changes

Several research firms recently commented on AZZ. Sidoti upgraded AZZ from a “neutral” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Wednesday, April 9th. Roth Capital upgraded AZZ to a “strong-buy” rating in a research report on Tuesday, February 11th. Roth Mkm started coverage on AZZ in a research report on Tuesday, February 11th. They issued a “buy” rating and a $108.00 price objective for the company. Noble Financial reiterated an “outperform” rating on shares of AZZ in a research report on Thursday, March 6th. Finally, B. Riley lifted their price objective on AZZ from $99.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.71.

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.