AZZ Inc. (NYSE:AZZ) Stock Position Lifted by LSV Asset Management

LSV Asset Management grew its position in shares of AZZ Inc. (NYSE:AZZ – Get Rating) by 817.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,024 shares of the industrial products company’s stock after buying an additional 29,424 shares during the period. LSV Asset Management owned about 0.13% of AZZ worth $1,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SummerHaven Investment Management LLC boosted its position in AZZ by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 19,359 shares of the industrial products company’s stock valued at $778,000 after purchasing an additional 277 shares during the last quarter. Arizona State Retirement System grew its position in AZZ by 4.2% during the fourth quarter. Arizona State Retirement System now owns 6,994 shares of the industrial products company’s stock worth $281,000 after buying an additional 285 shares in the last quarter. Eagle Bay Advisors LLC grew its position in AZZ by 69.5% during the third quarter. Eagle Bay Advisors LLC now owns 1,090 shares of the industrial products company’s stock worth $39,000 after buying an additional 447 shares in the last quarter. Rhumbline Advisers boosted its holdings in AZZ by 0.8% during the first quarter. Rhumbline Advisers now owns 74,181 shares of the industrial products company’s stock valued at $3,578,000 after purchasing an additional 582 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in AZZ by 31.5% during the first quarter. Captrust Financial Advisors now owns 2,431 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 583 shares in the last quarter. 88.47% of the stock is currently owned by institutional investors and hedge funds.

AZZ Stock Performance

Shares of AZZ stock opened at $35.70 on Monday. The firm has a fifty day moving average of $38.88 and a two-hundred day moving average of $40.20. The stock has a market capitalization of $889.36 million, a price-to-earnings ratio of -17.67 and a beta of 1.29. AZZ Inc. has a 52 week low of $30.21 and a 52 week high of $47.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.46 and a current ratio of 2.23.

AZZ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 17th. Investors of record on Wednesday, April 26th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, April 25th. AZZ’s dividend payout ratio is currently -33.66%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on AZZ in a report on Thursday, March 16th. They issued a “hold” rating on the stock.

About AZZ

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AZZ Inc engages in the provision of hot-dip galvanizing and coil coating solutions. It operates through the following segments: AZZ Metal Coatings, AZZ Precoat Metals, and AZZ Infrastructure Solutions. The AZZ Metal Coatings segment provides metal finishing solutions for corrosion protection including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating.