Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. reduced its holdings in shares of AZZ Inc (NYSE:AZZ) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,585 shares of the industrial products company’s stock after selling 2,054 shares during the quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. owned approximately 0.13% of AZZ worth $1,587,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Pinebridge Investments L.P. raised its stake in shares of AZZ by 1.3% in the second quarter. Pinebridge Investments L.P. now owns 3,431 shares of the industrial products company’s stock valued at $191,000 after buying an additional 45 shares during the period. Arizona State Retirement System raised its stake in shares of AZZ by 0.7% in the second quarter. Arizona State Retirement System now owns 13,616 shares of the industrial products company’s stock valued at $760,000 after buying an additional 100 shares during the period. Amalgamated Bank raised its stake in shares of AZZ by 4.9% in the second quarter. Amalgamated Bank now owns 3,595 shares of the industrial products company’s stock valued at $201,000 after buying an additional 167 shares during the period. Wells Fargo & Company MN raised its stake in shares of AZZ by 1.0% in the second quarter. Wells Fargo & Company MN now owns 19,626 shares of the industrial products company’s stock valued at $1,095,000 after buying an additional 197 shares during the period. Finally, Texas Permanent School Fund raised its stake in shares of AZZ by 1.2% in the second quarter. Texas Permanent School Fund now owns 19,013 shares of the industrial products company’s stock valued at $1,061,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 86.48% of the company’s stock.

Several analysts have issued reports on AZZ shares. BidaskClub lowered AZZ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Zacks Investment Research upgraded AZZ from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $56.00 target price on shares of AZZ in a research note on Thursday, September 7th.

AZZ Inc (NYSE:AZZ) opened at $45.20 on Monday. The firm has a market capitalization of $1,170.00, a price-to-earnings ratio of 22.94 and a beta of 1.56. AZZ Inc has a 52-week low of $43.17 and a 52-week high of $67.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 1.43.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Tuesday, October 3rd. The industrial products company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). The company had revenue of $190.40 million during the quarter, compared to analysts’ expectations of $193.70 million. AZZ had a net margin of 4.37% and a return on equity of 6.18%. AZZ’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. analysts anticipate that AZZ Inc will post 1.99 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, October 17th. AZZ’s dividend payout ratio (DPR) is presently 34.52%.

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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.

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Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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