Advantage Alpha Capital Partners LP Sells 10,655 Shares of AZZ Inc. $AZZ

Advantage Alpha Capital Partners LP trimmed its stake in AZZ Inc. (NYSE:AZZ) by 22.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,636 shares of the industrial products company’s stock after selling 10,655 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.12% of AZZ worth $3,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZZ. GAMMA Investing LLC increased its holdings in AZZ by 39.6% during the second quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after buying an additional 106 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of AZZ by 11.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 59,351 shares of the industrial products company’s stock valued at $5,607,000 after purchasing an additional 6,220 shares during the period. Transcendent Capital Group LLC bought a new position in AZZ during the second quarter worth about $592,000. KLP Kapitalforvaltning AS increased its position in AZZ by 10.3% during the second quarter. KLP Kapitalforvaltning AS now owns 6,400 shares of the industrial products company’s stock worth $605,000 after buying an additional 600 shares during the last quarter. Finally, SG Capital Management LLC bought a new stake in AZZ in the second quarter valued at approximately $16,818,000. Institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

AZZ has been the topic of a number of recent analyst reports. Zacks Research lowered AZZ from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a research note on Wednesday, November 19th. Wells Fargo & Company decreased their price target on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. B. Riley boosted their price objective on AZZ from $131.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, Robert W. Baird lifted their price target on AZZ from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.43.

AZZ Stock Performance

NYSE:AZZ opened at $105.82 on Friday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 10.18 and a beta of 1.29. AZZ Inc. has a fifty-two week low of $70.90 and a fifty-two week high of $119.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.73. The stock has a fifty day moving average price of $103.11 and a 200-day moving average price of $103.27.

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

AZZ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were 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 of this dividend was Thursday, October 16th. AZZ’s dividend payout ratio is 7.69%.

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.