AZZ Inc. (NYSE:AZZ) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in shares of AZZ Inc. (NYSE:AZZ - Free Report) by 366.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,070 shares of the industrial products company's stock after purchasing an additional 11,841 shares during the period. Quantbot Technologies LP owned approximately 0.05% of AZZ worth $1,245,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AZZ. Farther Finance Advisors LLC grew its holdings 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. CWM LLC lifted its position in AZZ by 69.4% during 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 purchased a new stake in AZZ during the second quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of AZZ in the second quarter worth $67,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of AZZ in the 2nd quarter valued at $72,000. Institutional investors and hedge funds own 90.93% of the company's stock.

AZZ Stock Up 2.2 %

AZZ stock traded up $1.99 during trading on Friday, reaching $93.14. 88,208 shares of the company's stock were exchanged, compared to its average volume of 192,045. AZZ Inc. has a 52-week low of $48.19 and a 52-week high of $97.98. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 72.77, a PEG ratio of 1.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.85. The company's 50-day moving average is $82.62 and its two-hundred day moving average is $80.41.

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

AZZ Dividend Announcement

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

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.