New York State Teachers Retirement System Has $1.02 Million Stock Holdings in AZZ Inc. (NYSE:AZZ)

New York State Teachers Retirement System decreased its position in shares of AZZ Inc. (NYSE:AZZ) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,579 shares of the industrial products company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of AZZ worth $1,021,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AZZ. FMR LLC lifted its stake in shares of AZZ by 4,211.2% in the 3rd quarter. FMR LLC now owns 365,590 shares of the industrial products company’s stock valued at $16,664,000 after purchasing an additional 357,110 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of AZZ in the 3rd quarter valued at $485,000. Deutsche Bank AG lifted its stake in shares of AZZ by 4,165.2% in the 3rd quarter. Deutsche Bank AG now owns 410,142 shares of the industrial products company’s stock valued at $18,694,000 after purchasing an additional 400,526 shares during the period. HighTower Advisors LLC acquired a new position in shares of AZZ in the 3rd quarter valued at $5,216,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of AZZ by 26.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 51,396 shares of the industrial products company’s stock valued at $2,343,000 after purchasing an additional 10,758 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

AZZ has been the topic of a number of analyst reports. Noble Financial downgraded AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 price target on the stock. in a research note on Friday, March 22nd. StockNews.com downgraded AZZ from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

AZZ Stock Performance

Shares of AZZ stock opened at $75.67 on Thursday. The company has a market capitalization of $1.90 billion, a PE ratio of 27.32, a PEG ratio of 1.17 and a beta of 1.28. AZZ Inc. has a 12 month low of $34.59 and a 12 month high of $82.10. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $74.34 and its 200 day simple moving average is $60.15.

AZZ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is presently 24.55%.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.