AZZ Inc. (NYSE:AZZ) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its stake in AZZ Inc. (NYSE:AZZ - Free Report) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,228 shares of the industrial products company's stock after acquiring an additional 5,247 shares during the quarter. Rhumbline Advisers owned about 0.29% of AZZ worth $7,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AZZ. Farther Finance Advisors LLC grew its stake in 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 buying an additional 379 shares during the last quarter. KBC Group NV grew its stake in AZZ by 50.8% during the 4th quarter. KBC Group NV now owns 1,244 shares of the industrial products company's stock worth $102,000 after buying an additional 419 shares during the last quarter. Oak Harvest Investment Services purchased a new stake in AZZ during the 3rd quarter valued at about $207,000. Flagship Harbor Advisors LLC purchased a new stake in AZZ during the 4th quarter valued at about $233,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in AZZ by 225.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,832 shares of the industrial products company's stock valued at $234,000 after purchasing an additional 1,961 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on AZZ. Jefferies Financial Group boosted their price target on AZZ from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Roth Capital upgraded AZZ to a "strong-buy" rating in a research note on Tuesday, February 11th. B. Riley boosted 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. Finally, Roth Mkm began coverage on AZZ in a research note on Tuesday, February 11th. They set a "buy" rating and a $108.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AZZ has an average rating of "Moderate Buy" and an average price target of $100.67.

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AZZ Stock Performance

Shares of AZZ stock traded up $1.25 on Friday, hitting $96.26. The company had a trading volume of 344,296 shares, compared to its average volume of 244,410. The firm has a market cap of $2.88 billion, a P/E ratio of 65.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. AZZ Inc. has a twelve month low of $69.59 and a twelve month high of $99.49. The company has a quick ratio of 1.26, a current ratio of 1.77 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $89.19 and a 200-day moving average price of $85.10.

AZZ (NYSE:AZZ - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.10. The company 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%. AZZ's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. As a group, equities research analysts predict that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, January 30th were issued a $0.17 dividend. The ex-dividend date was Thursday, January 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.71%. AZZ's payout ratio is 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.