9,816 Shares in AZZ Inc. (NYSE:AZZ) Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new position in AZZ Inc. (NYSE:AZZ – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,816 shares of the industrial products company’s stock, valued at approximately $395,000.

Several other institutional investors also recently added to or reduced their stakes in AZZ. Millennium Management LLC boosted its stake in AZZ by 208.4% in the second quarter. Millennium Management LLC now owns 322,282 shares of the industrial products company’s stock worth $13,156,000 after purchasing an additional 217,776 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of AZZ by 104.8% during the first quarter. Goldman Sachs Group Inc. now owns 170,258 shares of the industrial products company’s stock worth $8,214,000 after purchasing an additional 87,111 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AZZ by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,243,000 shares of the industrial products company’s stock worth $59,963,000 after purchasing an additional 85,083 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in AZZ in the 2nd quarter valued at approximately $3,204,000. Finally, Hodges Capital Management Inc. raised its position in AZZ by 809.0% in the 4th quarter. Hodges Capital Management Inc. now owns 83,630 shares of the industrial products company’s stock valued at $3,362,000 after buying an additional 74,430 shares during the last quarter. 88.47% of the stock is owned by institutional investors.

AZZ Stock Performance

Shares of AZZ stock opened at $36.27 on Wednesday. The company has a market cap of $903.49 million, a PE ratio of -17.96 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 business has a 50 day moving average price of $38.25 and a 200-day moving average price of $40.03. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 1.24.

AZZ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 17th. Stockholders of record on Wednesday, April 26th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Tuesday, April 25th. AZZ’s payout ratio is currently -33.66%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AZZ shares. TheStreet downgraded AZZ from a “b-” rating to a “c+” rating in a research note on Friday. StockNews.com started coverage on AZZ in a report on Thursday, May 18th. They issued a “hold” rating for the company.

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.