Chicago Equity Partners LLC trimmed its position in shares of AZZ Inc (NYSE:AZZ) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,970 shares of the industrial products company’s stock after selling 250 shares during the period. Chicago Equity Partners LLC’s holdings in AZZ were worth $2,663,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake in shares of AZZ by 12.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 18,588 shares of the industrial products company’s stock worth $750,000 after acquiring an additional 2,031 shares in the last quarter. Rhumbline Advisers raised its stake in shares of AZZ by 19.7% during the 4th quarter. Rhumbline Advisers now owns 79,202 shares of the industrial products company’s stock worth $3,197,000 after acquiring an additional 13,008 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of AZZ by 50.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 10,137 shares of the industrial products company’s stock worth $409,000 after acquiring an additional 3,400 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of AZZ by 1.9% during the 4th quarter. Gabelli Funds LLC now owns 106,000 shares of the industrial products company’s stock worth $4,278,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of AZZ by 1.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 95,300 shares of the industrial products company’s stock worth $3,846,000 after acquiring an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.
Several research analysts recently commented on AZZ shares. ValuEngine upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. Stifel Nicolaus reiterated a “hold” rating and set a $50.00 price objective on shares of AZZ in a research note on Wednesday, December 19th. Zacks Investment Research lowered shares of AZZ from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, Sidoti raised shares of AZZ from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. AZZ has a consensus rating of “Hold” and an average target price of $55.33.
AZZ (NYSE:AZZ) last released its earnings results on Tuesday, January 8th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.02). The company had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $238.96 million. AZZ had a return on equity of 7.98% and a net margin of 7.12%. AZZ’s revenue was up 15.0% on a year-over-year basis. On average, equities research analysts expect that AZZ Inc will post 2.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 12th. Stockholders of record on Tuesday, January 29th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Monday, January 28th. AZZ’s dividend payout ratio (DPR) is currently 50.37%.
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AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.
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