Janus Henderson Group PLC Has $899,000 Stake in AZZ Inc. (NYSE:AZZ)

Janus Henderson Group PLC lowered its stake in AZZ Inc. (NYSE:AZZ - Free Report) by 43.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,885 shares of the industrial products company's stock after selling 8,199 shares during the period. Janus Henderson Group PLC's holdings in AZZ were worth $899,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AZZ. Farther Finance Advisors LLC increased its holdings in shares of AZZ by 3,790.0% in the third quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company's stock valued at $32,000 after buying an additional 379 shares in the last quarter. CWM LLC increased its holdings in shares of AZZ by 69.4% in the second quarter. CWM LLC now owns 459 shares of the industrial products company's stock valued at $35,000 after buying an additional 188 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of AZZ in the second quarter valued at $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AZZ in the second quarter valued at $67,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of AZZ in the second quarter valued at $72,000. Institutional investors own 90.93% of the company's stock.

AZZ Stock Down 0.8 %

NYSE:AZZ traded down $0.78 during trading hours on Friday, hitting $93.75. 196,489 shares of the stock traded hands, compared to its average volume of 227,012. The firm has a 50 day moving average price of $85.21 and a 200 day moving average price of $81.29. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. AZZ Inc. has a fifty-two week low of $52.90 and a fifty-two week high of $97.98. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 73.24, a PEG ratio of 1.33 and a beta of 1.30.

AZZ (NYSE:AZZ - Get Free Report) last announced its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The company had revenue of $409.01 million for the quarter, compared to the consensus estimate of $409.50 million. During the same period in the previous year, the business earned $1.27 EPS. The company's revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that AZZ Inc. will post 5.08 earnings per share for the current year.

AZZ Announces Dividend

The business also recently declared 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 of this dividend was Friday, October 18th. AZZ's dividend payout ratio is currently 53.13%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their price target on AZZ from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $96.80.

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.