Cwm LLC Has $115,000 Stock Holdings in AZZ Inc. $AZZ

Cwm LLC trimmed its position in AZZ Inc. (NYSE:AZZ) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,214 shares of the industrial products company’s stock after selling 175 shares during the quarter. Cwm LLC’s holdings in AZZ were worth $115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of AZZ by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 106 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of AZZ by 2.8% during the 1st quarter. Hsbc Holdings PLC now owns 4,220 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 113 shares in the last quarter. Cerity Partners LLC grew its position in shares of AZZ by 4.2% during the 1st quarter. Cerity Partners LLC now owns 3,606 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 146 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in shares of AZZ by 1.0% during the 1st quarter. Oliver Luxxe Assets LLC now owns 17,528 shares of the industrial products company’s stock worth $1,466,000 after purchasing an additional 176 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of AZZ by 110.0% during the 1st quarter. Signaturefd LLC now owns 399 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 209 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

Insider Transactions at AZZ

In other news, COO Bryan Lee Stovall sold 5,000 shares of AZZ stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $111.60, for a total transaction of $558,000.00. Following the completion of the transaction, the chief operating officer directly owned 22,709 shares in the company, valued at $2,534,324.40. This trade represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kurt L. Russell sold 10,321 shares of AZZ stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $112.21, for a total transaction of $1,158,119.41. Following the transaction, the insider owned 16,804 shares of the company’s stock, valued at $1,885,576.84. This represents a 38.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.77% of the stock is owned by company insiders.

AZZ Stock Performance

Shares of AZZ stock opened at $100.08 on Friday. The business’s 50 day simple moving average is $108.39 and its 200 day simple moving average is $101.18. AZZ Inc. has a one year low of $70.90 and a one year high of $119.95. The stock has a market capitalization of $3.01 billion, a PE ratio of 9.62 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 1.25.

AZZ (NYSE:AZZ) last announced its earnings results on Tuesday, May 9th. The industrial products company reported $0.56 earnings per share for the quarter. AZZ had a net margin of 19.69% and a return on equity of 15.01%. The business had revenue of $129.87 million during the quarter. As a group, research analysts forecast that AZZ Inc. will post 5.13 earnings per share for the current year.

AZZ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, October 16th. AZZ’s dividend payout ratio (DPR) is currently 7.69%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AZZ shares. Noble Financial restated an “outperform” rating on shares of AZZ in a research report on Monday, July 14th. Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings lowered shares of AZZ from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, October 24th. B. Riley increased their price target on shares of AZZ from $131.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, Zacks Research lowered shares of AZZ from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.43.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.