SG Americas Securities LLC Trims Stock Holdings in AZZ Inc. (NYSE:AZZ)

SG Americas Securities LLC lowered its position in shares of AZZ Inc. (NYSE:AZZ) by 79.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,753 shares of the industrial products company’s stock after selling 6,792 shares during the quarter. SG Americas Securities LLC’s holdings in AZZ were worth $102,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of AZZ during the fourth quarter worth about $29,000. Covestor Ltd raised its position in AZZ by 131.5% during the 3rd quarter. Covestor Ltd now owns 903 shares of the industrial products company’s stock worth $41,000 after buying an additional 513 shares during the last quarter. Tower Research Capital LLC TRC raised its position in AZZ by 557.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,848 shares of the industrial products company’s stock worth $76,000 after buying an additional 1,567 shares during the last quarter. Quantbot Technologies LP acquired a new stake in AZZ during the 2nd quarter valued at approximately $93,000. Finally, Captrust Financial Advisors boosted its holdings in shares of AZZ by 31.5% in the 1st 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. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Price Performance

NYSE:AZZ opened at $74.86 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.96 and a quick ratio of 1.33. The company has a 50 day moving average price of $74.61 and a 200-day moving average price of $60.47. AZZ Inc. has a 1-year low of $34.59 and a 1-year high of $82.10. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.91%. AZZ’s dividend payout ratio (DPR) is currently 24.55%.

Analysts Set New Price Targets

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

AZZ Company Profile

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.