Strs Ohio maintained its position in shares of AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,000 shares of the industrial products company’s stock at the end of the second quarter. Strs Ohio owned about 0.27% of AZZ worth $3,906,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Comerica Bank boosted its position in shares of AZZ by 4.1% in the first quarter. Comerica Bank now owns 28,763 shares of the industrial products company’s stock valued at $1,732,000 after buying an additional 1,133 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of AZZ by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,744 shares of the industrial products company’s stock valued at $342,000 after buying an additional 520 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of AZZ by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 382,285 shares of the industrial products company’s stock valued at $22,746,000 after buying an additional 5,096 shares during the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of AZZ by 1.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 4,845 shares of the industrial products company’s stock valued at $288,000 after buying an additional 80 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of AZZ by 33.4% in the first quarter. First Trust Advisors LP now owns 115,195 shares of the industrial products company’s stock valued at $6,854,000 after buying an additional 28,823 shares during the last quarter. 86.91% of the stock is owned by institutional investors.

Shares of AZZ Inc. (NYSE AZZ) opened at 47.55 on Friday. AZZ Inc. has a 12 month low of $47.55 and a 12 month high of $67.98. The firm’s 50-day moving average is $50.93 and its 200 day moving average is $55.91. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 23.41 and a beta of 1.57.

AZZ (NYSE:AZZ) last posted its earnings results on Thursday, July 6th. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.19. The firm had revenue of $208.60 million for the quarter, compared to the consensus estimate of $225.08 million. AZZ had a net margin of 6.44% and a return on equity of 10.98%. The firm’s revenue was down 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. Equities analysts expect that AZZ Inc. will post $2.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, July 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. AZZ’s dividend payout ratio is presently 33.50%.

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Several equities research analysts have issued reports on AZZ shares. TheStreet lowered shares of AZZ from a “b” rating to a “c+” rating in a research report on Friday, July 7th. Zacks Investment Research lowered shares of AZZ from a “buy” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Stifel Nicolaus dropped their target price on shares of AZZ from $58.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, July 7th. Finally, BidaskClub lowered shares of AZZ from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.

In related news, insider Thomas E. Ferguson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was bought at an average cost of $49.59 per share, for a total transaction of $247,950.00. Following the completion of the transaction, the insider now directly owns 49,037 shares in the company, valued at $2,431,744.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul Wesley Fehlman purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was bought at an average price of $49.31 per share, with a total value of $73,965.00. Following the completion of the transaction, the chief financial officer now owns 9,287 shares of the company’s stock, valued at $457,941.97. The disclosure for this purchase can be found here. 0.01% of the stock is owned by company insiders.

AZZ Company Profile

AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.

Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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