Intech Investment Management LLC Acquires 12,355 Shares of AZZ Inc. (NYSE:AZZ)

Intech Investment Management LLC grew its position in AZZ Inc. (NYSE:AZZ - Free Report) by 115.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,015 shares of the industrial products company's stock after purchasing an additional 12,355 shares during the period. Intech Investment Management LLC owned about 0.08% of AZZ worth $1,885,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE increased its position in shares of AZZ by 39.0% in the 4th quarter. US Bancorp DE now owns 463 shares of the industrial products company's stock valued at $38,000 after buying an additional 130 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in AZZ by 202.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 475 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 318 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of AZZ by 32.4% in the fourth quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company's stock worth $42,000 after acquiring an additional 126 shares in the last quarter. KBC Group NV raised its position in shares of AZZ by 50.8% during the fourth quarter. KBC Group NV now owns 1,244 shares of the industrial products company's stock worth $102,000 after purchasing an additional 419 shares during the period. Finally, Cibc World Markets Corp bought a new position in shares of AZZ during the 4th quarter valued at about $225,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms recently issued reports on AZZ. Noble Financial reissued an "outperform" rating on shares of AZZ in a research note on Thursday, March 6th. Roth Capital raised shares of AZZ to a "strong-buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised their price objective on shares of AZZ from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Roth Mkm assumed coverage on shares of AZZ in a research note on Tuesday, February 11th. They issued a "buy" rating and a $108.00 target price for the company. Finally, B. Riley lifted their price target on AZZ from $99.00 to $111.00 and gave the company a "buy" rating in a research note 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.67.

AZZ Stock Down 0.2 %

Shares of NYSE AZZ traded down $0.13 during mid-day trading on Tuesday, hitting $86.18. The company had a trading volume of 205,073 shares, compared to its average volume of 236,483. The company has a current ratio of 1.77, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. The firm has a 50-day simple moving average of $90.53 and a two-hundred day simple moving average of $86.03. The company has a market capitalization of $2.58 billion, a PE ratio of 58.23, a price-to-earnings-growth 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.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. The firm had revenue of $403.65 million during the quarter, compared to analysts' expectations of $394.30 million. AZZ had a return on equity of 16.99% and a net margin of 7.94%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 earnings per share. On average, equities analysts expect that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, January 30th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, January 30th. AZZ's dividend payout ratio is currently 45.95%.

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.