Advantage Alpha Capital Partners LP Purchases 8,755 Shares of AZZ Inc. (NYSE:AZZ)

Advantage Alpha Capital Partners LP increased its position in AZZ Inc. (NYSE:AZZ - Free Report) by 35.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,434 shares of the industrial products company's stock after buying an additional 8,755 shares during the period. Advantage Alpha Capital Partners LP owned about 0.11% of AZZ worth $2,739,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. grew its position in shares of AZZ by 54.6% during the third quarter. Victory Capital Management Inc. now owns 35,240 shares of the industrial products company's stock worth $2,911,000 after purchasing an additional 12,451 shares in the last quarter. Intech Investment Management LLC boosted its stake in AZZ by 177.9% in the 3rd quarter. Intech Investment Management LLC now owns 10,660 shares of the industrial products company's stock worth $881,000 after purchasing an additional 6,824 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of AZZ by 258.4% during the third 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 during the last quarter. FMR LLC lifted its position in AZZ by 13.6% during the third quarter. FMR LLC now owns 3,223,391 shares of the industrial products company's stock valued at $266,284,000 after purchasing an additional 385,240 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of AZZ by 366.7% in the 3rd quarter. Quantbot Technologies LP now owns 15,070 shares of the industrial products company's stock worth $1,245,000 after buying an additional 11,841 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

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AZZ Trading Down 2.0 %

AZZ stock traded down $1.68 during mid-day trading on Friday, hitting $84.08. The company's stock had a trading volume of 139,277 shares, compared to its average volume of 246,916. The stock has a market cap of $2.51 billion, a PE ratio of 56.81, a P/E/G ratio of 1.32 and a beta of 1.27. AZZ Inc. has a one year low of $69.59 and a one year 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. The company has a 50 day moving average of $90.44 and a 200-day moving average of $86.19.

AZZ (NYSE:AZZ - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $403.65 million during the quarter, compared to analyst estimates of $394.30 million. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. On average, research analysts anticipate that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, January 30th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.68 annualized dividend and a yield of 0.81%. AZZ's dividend payout ratio (DPR) is currently 45.95%.

Wall Street Analyst Weigh In

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

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.