New York State Teachers Retirement System Sells 300 Shares of AZZ Inc. (NYSE:AZZ)

New York State Teachers Retirement System trimmed its position in AZZ Inc. (NYSE:AZZ) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,579 shares of the industrial products company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System’s holdings in AZZ were worth $1,021,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State of Wyoming bought a new position in AZZ in the fourth quarter valued at approximately $29,000. Covestor Ltd increased its stake in AZZ by 131.5% in the third quarter. Covestor Ltd now owns 903 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 513 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in AZZ by 557.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,848 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 1,567 shares during the last quarter. Quantbot Technologies LP bought a new position in AZZ in the second quarter valued at approximately $93,000. Finally, Captrust Financial Advisors increased its stake in AZZ by 31.5% in the first quarter. Captrust Financial Advisors now owns 2,431 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 583 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

AZZ Stock Performance

NYSE AZZ opened at $75.67 on Thursday. The firm’s fifty day moving average price is $74.34 and its two-hundred day moving average price is $60.15. The stock has a market cap of $1.90 billion, a PE ratio of 27.32, a PEG ratio of 1.17 and a beta of 1.28. AZZ Inc. has a fifty-two week low of $34.59 and a fifty-two week high of $82.10. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.33 and a current ratio of 1.96.

AZZ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.90%. AZZ’s payout ratio is presently 24.55%.

Wall Street Analysts Forecast Growth

AZZ has been the topic of a number of recent analyst reports. StockNews.com cut shares of AZZ from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Noble Financial cut shares of AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a research note on Friday, March 22nd.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.