Campbell & CO Investment Adviser LLC Purchases New Stake in AZZ Inc. $AZZ

Campbell & CO Investment Adviser LLC acquired a new position in shares of AZZ Inc. (NYSE:AZZ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,679 shares of the industrial products company’s stock, valued at approximately $1,387,000.

Several other institutional investors have also recently added to or reduced their stakes in AZZ. Allspring Global Investments Holdings LLC bought a new position in shares of AZZ in the 2nd quarter worth about $11,701,000. Westwood Holdings Group Inc. raised its stake in AZZ by 19.4% during the first quarter. Westwood Holdings Group Inc. now owns 650,072 shares of the industrial products company’s stock worth $54,353,000 after acquiring an additional 105,723 shares during the period. Nuveen LLC acquired a new stake in AZZ during the first quarter worth about $8,772,000. Speece Thorson Capital Group Inc. bought a new position in AZZ in the second quarter worth about $7,909,000. Finally, Jane Street Group LLC boosted its stake in AZZ by 185.9% in the first quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock valued at $4,274,000 after acquiring an additional 33,238 shares during the period. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Up 0.0%

AZZ stock opened at $101.36 on Wednesday. AZZ Inc. has a 52 week low of $70.90 and a 52 week high of $119.95. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 9.75 and a beta of 1.29. The company’s 50-day moving average price is $106.53 and its two-hundred day moving average price is $102.41. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter. AZZ had a net margin of 19.69% and a return on equity of 15.01%. The business had revenue of $129.87 million during the quarter. On average, analysts expect that AZZ Inc. will post 5.13 EPS for the current fiscal year.

AZZ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. AZZ’s dividend payout ratio (DPR) is 7.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Zacks Research cut AZZ from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wells Fargo & Company dropped their target price on AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Robert W. Baird boosted their price target on shares of AZZ from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, August 15th. B. Riley upped their price target on shares of AZZ from $131.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, Weiss Ratings cut shares of AZZ from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.43.

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.