Fmr LLC Has $266.28 Million Stock Position in AZZ Inc. (NYSE:AZZ)

Fmr LLC grew its stake in AZZ Inc. (NYSE:AZZ) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,223,391 shares of the industrial products company’s stock after buying an additional 385,240 shares during the quarter. Fmr LLC owned 0.11% of AZZ worth $266,284,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in AZZ by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,074 shares of the industrial products company’s stock worth $2,016,000 after purchasing an additional 875 shares during the period. Janus Henderson Group PLC boosted its position in shares of AZZ by 38.2% during the first quarter. Janus Henderson Group PLC now owns 16,580 shares of the industrial products company’s stock worth $1,282,000 after buying an additional 4,580 shares during the period. Virtu Financial LLC bought a new position in shares of AZZ during the first quarter worth about $250,000. CWM LLC raised its position in AZZ by 69.4% in the 2nd quarter. CWM LLC now owns 459 shares of the industrial products company’s stock valued at $35,000 after buying an additional 188 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in AZZ by 10.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 6,451 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 589 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

AZZ Price Performance

Shares of AZZ opened at $93.14 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.85 and a debt-to-equity ratio of 0.91. AZZ Inc. has a twelve month low of $48.19 and a twelve month high of $97.98. The stock has a market capitalization of $2.78 billion, a P/E ratio of 72.77, a P/E/G ratio of 1.30 and a beta of 1.25. The company has a 50 day moving average of $82.62 and a 200-day moving average of $80.41.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The firm had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. During the same period in the previous year, the business earned $1.27 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that AZZ Inc. will post 5.11 EPS for the current fiscal year.

AZZ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.17 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.68 dividend on an annualized basis and a yield of 0.73%. AZZ’s dividend payout ratio is 53.13%.

About AZZ

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.