SG Americas Securities LLC Has $2.18 Million Stake in AZZ Inc. (NYSE:AZZ)

SG Americas Securities LLC lifted its stake in shares of AZZ Inc. (NYSE:AZZGet Rating) by 5.4% during the first quarter, Holdings Channel.com reports. The firm owned 45,216 shares of the industrial products company’s stock after buying an additional 2,305 shares during the period. SG Americas Securities LLC’s holdings in AZZ were worth $2,181,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Westwood Holdings Group Inc. lifted its holdings in AZZ by 22.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 765,874 shares of the industrial products company’s stock valued at $42,345,000 after buying an additional 138,681 shares during the period. Assenagon Asset Management S.A. acquired a new position in AZZ in the fourth quarter valued at approximately $4,252,000. Crawford Investment Counsel Inc. acquired a new position in AZZ in the fourth quarter valued at approximately $3,034,000. TD Asset Management Inc. lifted its holdings in AZZ by 100.0% in the fourth quarter. TD Asset Management Inc. now owns 103,772 shares of the industrial products company’s stock valued at $5,738,000 after buying an additional 51,886 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in AZZ by 15.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 322,381 shares of the industrial products company’s stock valued at $17,825,000 after buying an additional 42,479 shares during the period. 88.97% of the stock is currently owned by institutional investors and hedge funds.

AZZ Trading Down 1.2 %

Shares of NYSE AZZ opened at $40.40 on Monday. The company’s 50 day simple moving average is $42.54 and its 200 day simple moving average is $46.23. AZZ Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.59. The firm has a market capitalization of $1.00 billion, a P/E ratio of 11.74 and a beta of 1.29. The company has a debt-to-equity ratio of 2.32, a current ratio of 2.15 and a quick ratio of 1.59.

AZZ (NYSE:AZZGet Rating) last issued its earnings results on Monday, July 11th. The industrial products company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.03 by $0.37. AZZ had a net margin of 8.69% and a return on equity of 14.76%. The firm had revenue of $314.40 million during the quarter, compared to the consensus estimate of $286.92 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 36.8% on a year-over-year basis. On average, analysts predict that AZZ Inc. will post 3.83 EPS for the current year.

AZZ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 2nd. Shareholders of record on Tuesday, July 19th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, July 18th. AZZ’s payout ratio is presently 19.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of AZZ from a “buy” rating to a “hold” rating in a report on Friday, June 17th.

About AZZ

(Get Rating)

AZZ Inc offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. The company operates through two segments, Infrastructure Solutions and Metal Coatings.

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Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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