State of Alaska Department of Revenue Trims Position in AZZ Inc (NYSE:AZZ)

State of Alaska Department of Revenue lessened its stake in AZZ Inc (NYSE:AZZ) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,747 shares of the industrial products company’s stock after selling 343 shares during the period. State of Alaska Department of Revenue’s holdings in AZZ were worth $907,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AZZ. FMR LLC grew its holdings in AZZ by 6.2% during the 1st quarter. FMR LLC now owns 716,433 shares of the industrial products company’s stock worth $29,324,000 after acquiring an additional 41,567 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of AZZ by 37.6% in the 1st quarter. First Trust Advisors LP now owns 29,858 shares of the industrial products company’s stock valued at $1,222,000 after buying an additional 8,163 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of AZZ by 21.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,081 shares of the industrial products company’s stock valued at $501,000 after buying an additional 1,963 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of AZZ by 135.2% in the 2nd quarter. Bank of Montreal Can now owns 3,806 shares of the industrial products company’s stock valued at $176,000 after buying an additional 2,188 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AZZ by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 375,409 shares of the industrial products company’s stock valued at $17,277,000 after buying an additional 11,601 shares in the last quarter. 86.52% of the stock is currently owned by institutional investors.

AZZ has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of AZZ from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. TheStreet upgraded shares of AZZ from a “c+” rating to a “b” rating in a research note on Thursday, January 9th. Finally, Zacks Investment Research cut shares of AZZ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th.

AZZ stock opened at $44.07 on Friday. The firm has a 50 day moving average of $44.60 and a 200 day moving average of $42.57. The stock has a market capitalization of $1.18 billion, a PE ratio of 17.41 and a beta of 1.45. The company has a quick ratio of 1.62, a current ratio of 2.27 and a debt-to-equity ratio of 0.46. AZZ Inc has a 52 week low of $35.81 and a 52 week high of $50.36.

AZZ (NYSE:AZZ) last released its earnings results on Thursday, January 9th. The industrial products company reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The company had revenue of $291.10 million during the quarter, compared to analysts’ expectations of $271.31 million. AZZ had a net margin of 6.65% and a return on equity of 10.79%. AZZ’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. On average, equities research analysts expect that AZZ Inc will post 2.79 earnings per share for the current year.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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