AZZ Inc. (NYSE:AZZ) Stock Holdings Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in AZZ Inc. (NYSE:AZZ) by 60.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,414 shares of the industrial products company’s stock after selling 36,302 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of AZZ worth $1,934,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AZZ. Farther Finance Advisors LLC increased its stake in AZZ by 3,790.0% during the third quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 379 shares during the period. CWM LLC raised its stake in shares of AZZ by 69.4% in the second quarter. CWM LLC now owns 459 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 188 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in AZZ in the second quarter worth about $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AZZ during the 2nd quarter valued at $67,000. Finally, 1620 Investment Advisors Inc. bought a new position in AZZ during the 2nd quarter worth approximately $72,000. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Down 1.3 %

Shares of AZZ stock opened at $91.15 on Friday. AZZ Inc. has a 1 year low of $48.03 and a 1 year high of $97.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.85 and a quick ratio of 1.32. The business has a 50-day moving average of $82.23 and a two-hundred day moving average of $80.19. The company has a market capitalization of $2.72 billion, a P/E ratio of 71.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

AZZ (NYSE:AZZ) last released its 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 16.88% and a net margin of 7.63%. The business had revenue of $409.01 million for the quarter, compared to analyst estimates of $409.50 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. AZZ’s revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that AZZ Inc. will post 5.11 EPS for the current year.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, October 18th. AZZ’s dividend payout ratio is presently 53.13%.

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.