AZZ Inc. (NYSE:AZZ) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund trimmed its position in AZZ Inc. (NYSE:AZZ – Get Rating) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,714 shares of the industrial products company’s stock after selling 1,118 shares during the period. Texas Permanent School Fund owned approximately 0.07% of AZZ worth $672,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC increased its holdings in shares of AZZ by 69.5% in the third quarter. Eagle Bay Advisors LLC now owns 1,090 shares of the industrial products company’s stock valued at $39,000 after buying an additional 447 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of AZZ by 659.4% in the third quarter. Quadrant Capital Group LLC now owns 1,420 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,233 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of AZZ by 563.0% in the third quarter. Point72 Hong Kong Ltd now owns 1,830 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,554 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of AZZ by 34.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,380 shares of the industrial products company’s stock valued at $87,000 after buying an additional 611 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of AZZ in the second quarter valued at $93,000. 88.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

AZZ Trading Down 0.9 %

NYSE AZZ opened at $35.63 on Wednesday. AZZ Inc. has a 1-year low of $30.21 and a 1-year high of $47.57. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $887.61 million, a PE ratio of -17.64 and a beta of 1.29. The firm’s fifty day simple moving average is $38.64 and its 200-day simple moving average is $40.15.

AZZ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 17th. Investors of record on Wednesday, April 26th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, April 25th. AZZ’s dividend payout ratio is presently -33.66%.

AZZ Profile

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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.