Vanguard Group Inc. raised its stake in AZZ Inc. (NYSE:AZZ) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,286,980 shares of the industrial products company’s stock after buying an additional 97,870 shares during the period. Vanguard Group Inc.’s holdings in AZZ were worth $136,076,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Thrivent Financial For Lutherans increased its stake in AZZ by 41.9% in the first quarter. Thrivent Financial For Lutherans now owns 878,160 shares of the industrial products company’s stock valued at $52,251,000 after buying an additional 259,210 shares in the last quarter. South Dakota Investment Council boosted its position in AZZ by 40.2% in the first quarter. South Dakota Investment Council now owns 13,600 shares of the industrial products company’s stock valued at $809,000 after buying an additional 3,900 shares during the last quarter. Legal & General Group Plc boosted its position in AZZ by 1.9% in the first quarter. Legal & General Group Plc now owns 46,906 shares of the industrial products company’s stock valued at $2,788,000 after buying an additional 891 shares during the last quarter. Teachers Advisors LLC boosted its position in AZZ by 3.2% in the first quarter. Teachers Advisors LLC now owns 44,066 shares of the industrial products company’s stock valued at $2,622,000 after buying an additional 1,374 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in AZZ by 2.3% in the first quarter. Principal Financial Group Inc. now owns 209,686 shares of the industrial products company’s stock valued at $12,476,000 after buying an additional 4,762 shares during the last quarter. 86.91% of the stock is owned by institutional investors.

Shares of AZZ Inc. (NYSE:AZZ) traded down 0.42% during midday trading on Friday, reaching $47.35. 76,299 shares of the company’s stock were exchanged. The stock has a market cap of $1.23 billion, a PE ratio of 23.31 and a beta of 1.57. AZZ Inc. has a 12 month low of $47.10 and a 12 month high of $67.70. The company’s 50 day moving average is $50.70 and its 200-day moving average is $55.82.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were paid a $0.17 dividend. The ex-dividend date was Friday, July 14th. This represents a $0.68 annualized dividend and a yield of 1.44%. AZZ’s dividend payout ratio is currently 33.50%.

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AZZ has been the subject of a number of recent research reports. TheStreet cut shares of AZZ from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Zacks Investment Research cut shares of AZZ from a “buy” rating to a “strong sell” rating in a research note 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 cut shares of AZZ from a “sell” rating to a “strong sell” rating in a research report on Saturday.

In other AZZ news, CFO Paul Wesley Fehlman purchased 1,500 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was purchased at an average price of $49.31 per share, for a total transaction of $73,965.00. Following the transaction, the chief financial officer now owns 9,287 shares in the company, valued at approximately $457,941.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas E. Ferguson purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were acquired at an average price of $49.59 per share, with a total value of $247,950.00. Following the transaction, the insider now owns 49,037 shares in the company, valued at approximately $2,431,744.83. The disclosure for this purchase can be found here. 0.01% of the stock is owned by company insiders.

About AZZ

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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