AZZ Inc. (NYSE:AZZ) Stock Holdings Lessened by Isthmus Partners LLC

Isthmus Partners LLC lowered its position in shares of AZZ Inc. (NYSE:AZZ - Free Report) by 64.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,316 shares of the industrial products company's stock after selling 32,776 shares during the quarter. Isthmus Partners LLC owned about 0.06% of AZZ worth $1,500,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings 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 during the period. Parkside Financial Bank & Trust boosted its stake in AZZ by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the industrial products company's stock valued at $300,000 after acquiring an additional 143 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in AZZ by 0.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 24,151 shares of the industrial products company's stock valued at $1,978,000 after acquiring an additional 154 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of AZZ by 202.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 475 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 318 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of AZZ by 3,790.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company's stock worth $32,000 after purchasing an additional 379 shares during the period. Institutional investors own 90.93% of the company's stock.

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AZZ Price Performance

Shares of AZZ stock traded down $1.37 during midday trading on Thursday, reaching $86.07. 249,035 shares of the company were exchanged, compared to its average volume of 243,128. The company's 50 day moving average price is $90.36 and its two-hundred day moving average price is $85.73. The company has a market cap of $2.57 billion, a P/E ratio of 58.16, a PEG ratio of 1.32 and a beta of 1.27. AZZ Inc. has a 12 month low of $69.59 and a 12 month 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 - Get Free Report) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The firm had revenue of $403.65 million for 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 firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 earnings per share. On average, sell-side analysts expect that AZZ Inc. will post 5.13 earnings per share for the current year.

AZZ Dividend Announcement

The company 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 was Thursday, January 30th. This represents a $0.68 annualized dividend and a yield of 0.79%. AZZ's dividend payout ratio is currently 45.95%.

Analyst Ratings Changes

A number of research analysts recently commented on AZZ shares. Roth Capital upgraded AZZ to a "strong-buy" rating in a research note on Tuesday, February 11th. B. Riley boosted their price target on shares of AZZ from $99.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Roth Mkm assumed coverage on shares of AZZ in a report on Tuesday, February 11th. They issued a "buy" rating and a $108.00 price objective on the stock. Jefferies Financial Group lifted their price objective 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, Noble Financial restated an "outperform" rating on shares of AZZ in a research report on Thursday, March 6th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $100.67.

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.