2,775 Shares in AZZ Inc. (NYSE:AZZ) Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC acquired a new stake in shares of AZZ Inc. (NYSE:AZZ) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,775 shares of the industrial products company’s stock, valued at approximately $229,000.

A number of other large investors also recently bought and sold shares of AZZ. CWM LLC raised its position in shares of AZZ by 69.4% during the 2nd quarter. CWM LLC now owns 459 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 188 shares in the last quarter. Claro Advisors LLC lifted its position in shares of AZZ by 7.7% in the 2nd quarter. Claro Advisors LLC now owns 3,298 shares of the industrial products company’s stock worth $255,000 after buying an additional 236 shares during the last quarter. FSC Wealth Advisors LLC boosted its holdings in shares of AZZ by 38.6% in the 2nd quarter. FSC Wealth Advisors LLC now owns 951 shares of the industrial products company’s stock valued at $73,000 after buying an additional 265 shares during the period. Texas Permanent School Fund Corp grew its position in shares of AZZ by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,947 shares of the industrial products company’s stock valued at $1,697,000 after buying an additional 284 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of AZZ by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 5,010 shares of the industrial products company’s stock valued at $387,000 after buying an additional 344 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Performance

Shares of AZZ stock opened at $76.52 on Friday. AZZ Inc. has a 12-month low of $45.62 and a 12-month high of $88.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 71.51, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. The business has a 50 day simple moving average of $79.52 and a 200 day simple moving average of $78.78.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.05. AZZ had a return on equity of 18.19% and a net margin of 7.63%. The company had revenue of $409.01 million during the quarter, compared to analysts’ expectations of $409.50 million. During the same quarter in the prior year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that AZZ Inc. will post 4.95 EPS for the current year.

AZZ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.89%. AZZ’s dividend payout ratio (DPR) is 63.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. B. Riley lifted their target price on AZZ from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Baird R W upgraded AZZ to a “hold” rating in a research report on Tuesday, July 23rd. Wolfe Research began coverage on AZZ in a research report on Wednesday, July 31st. They issued a “peer perform” rating on the stock. Finally, Robert W. Baird assumed coverage on AZZ in a research note on Tuesday, July 23rd. They issued a “neutral” rating and a $90.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.80.

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.