Yousif Capital Management LLC Reduces Stock Position in AZZ Inc. (NYSE:AZZ)

Yousif Capital Management LLC cut its holdings in shares of AZZ Inc. (NYSE:AZZ) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,355 shares of the industrial products company’s stock after selling 267 shares during the quarter. Yousif Capital Management LLC’s holdings in AZZ were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in shares of AZZ by 51.2% in the third quarter. CWM LLC now owns 694 shares of the industrial products company’s stock valued at $57,000 after buying an additional 235 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of AZZ by 3,790.0% in the third quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 379 shares during the period. Riverwater Partners LLC increased its stake in AZZ by 2.8% during the 3rd quarter. Riverwater Partners LLC now owns 15,155 shares of the industrial products company’s stock worth $1,222,000 after buying an additional 413 shares during the period. KBC Group NV lifted its holdings in AZZ by 50.8% during the 4th quarter. KBC Group NV now owns 1,244 shares of the industrial products company’s stock worth $102,000 after buying an additional 419 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in AZZ by 9.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 7,800 shares of the industrial products company’s stock valued at $644,000 after buying an additional 700 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

AZZ Trading Down 0.8 %

Shares of AZZ opened at $97.82 on Friday. The firm’s 50-day moving average is $87.92 and its two-hundred day moving average is $83.60. The firm has a market capitalization of $2.92 billion, a P/E ratio of 66.09, a PEG ratio of 1.33 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. AZZ Inc. has a twelve month low of $69.59 and a twelve month high of $99.18.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. AZZ had a return on equity of 16.99% and a net margin of 7.94%. The firm had revenue of $403.65 million during the quarter, compared to the consensus estimate of $394.30 million. During the same period in the previous year, the firm posted $1.19 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts predict that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, January 30th. AZZ’s dividend payout ratio is presently 45.95%.

Analyst Ratings Changes

AZZ has been the topic of several analyst reports. B. Riley lifted their price target on AZZ from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group increased their price target on shares of AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Roth Capital upgraded shares of AZZ to a “strong-buy” rating in a research report on Tuesday. Finally, Roth Mkm assumed coverage on shares of AZZ in a report on Tuesday. They issued a “buy” rating and a $108.00 target price for the company. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AZZ has an average rating of “Moderate Buy” and an average price target of $100.67.

AZZ 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.