Isthmus Partners LLC Has $4.22 Million Stock Position in AZZ Inc. (NYSE:AZZ)

Isthmus Partners LLC lowered its stake in AZZ Inc. (NYSE:AZZ - Free Report) by 19.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,092 shares of the industrial products company's stock after selling 11,952 shares during the quarter. Isthmus Partners LLC owned about 0.17% of AZZ worth $4,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its stake in AZZ by 13.6% during the 3rd 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 in the last quarter. Vanguard Group Inc. grew its holdings in AZZ by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,726,037 shares of the industrial products company's stock worth $210,750,000 after acquiring an additional 28,609 shares during the period. Dimensional Fund Advisors LP raised its position in AZZ by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,147,513 shares of the industrial products company's stock worth $88,646,000 after acquiring an additional 53,188 shares in the last quarter. Bank of New York Mellon Corp raised its position in AZZ by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 269,101 shares of the industrial products company's stock worth $20,788,000 after acquiring an additional 25,714 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in AZZ by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 157,418 shares of the industrial products company's stock valued at $13,004,000 after acquiring an additional 10,038 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

AZZ Price Performance

Shares of AZZ traded up $2.18 during mid-day trading on Friday, hitting $93.33. The company's stock had a trading volume of 88,204 shares, compared to its average volume of 228,592. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.85 and a quick ratio of 1.32. The firm has a 50-day moving average price of $82.39 and a 200 day moving average price of $80.27. AZZ Inc. has a fifty-two week low of $48.19 and a fifty-two week high of $97.98. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 72.16, a PEG ratio of 1.28 and a beta of 1.25.

AZZ (NYSE:AZZ - Get Free Report) last posted its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. The firm had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. On average, research analysts predict that AZZ Inc. will post 5.11 EPS for the current fiscal year.

AZZ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, October 18th. AZZ's dividend payout ratio is 53.13%.

AZZ Company 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.