Amundi Acquires 9,671 Shares of AZZ Inc. (NYSE:AZZ)

Amundi lifted its position in AZZ Inc. (NYSE:AZZ - Free Report) by 184.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,920 shares of the industrial products company's stock after purchasing an additional 9,671 shares during the quarter. Amundi's holdings in AZZ were worth $1,240,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AZZ. Victory Capital Management Inc. lifted its position in AZZ by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 35,240 shares of the industrial products company's stock worth $2,911,000 after buying an additional 12,451 shares in the last quarter. Quest Partners LLC acquired a new position in AZZ during the 3rd quarter worth about $611,000. Intech Investment Management LLC lifted its position in AZZ by 177.9% during the 3rd quarter. Intech Investment Management LLC now owns 10,660 shares of the industrial products company's stock worth $881,000 after buying an additional 6,824 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in AZZ by 258.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 12,689 shares of the industrial products company's stock worth $1,048,000 after buying an additional 9,149 shares in the last quarter. Finally, FMR LLC lifted its position in AZZ by 13.6% during the 3rd quarter. FMR LLC now owns 3,223,391 shares of the industrial products company's stock worth $266,284,000 after buying an additional 385,240 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

AZZ Trading Down 1.7 %

Shares of NYSE:AZZ traded down $1.44 during mid-day trading on Friday, reaching $82.24. The stock had a trading volume of 615,676 shares, compared to its average volume of 236,353. The firm has a market cap of $2.46 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. The firm has a 50 day simple moving average of $90.45 and a two-hundred day simple moving average of $85.83. The company has a current ratio of 1.77, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. AZZ Inc. has a twelve month low of $69.59 and a twelve month high of $99.49.

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

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, January 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.83%. AZZ's payout ratio is 45.95%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. B. Riley upped their price target on shares of AZZ from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Roth Mkm started 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. Noble Financial restated an "outperform" rating on shares of AZZ in a research report on Thursday, March 6th. Jefferies Financial Group upped their target price on shares of AZZ from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Finally, Roth Capital upgraded shares of AZZ to a "strong-buy" rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.