AZZ Inc. (NYSE:AZZ) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its position in shares of AZZ Inc. (NYSE:AZZ) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,802 shares of the industrial products company’s stock after selling 805 shares during the period. Raymond James & Associates owned 0.10% of AZZ worth $1,499,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AZZ. FMR LLC increased its holdings in shares of AZZ by 4,211.2% during the 3rd quarter. FMR LLC now owns 365,590 shares of the industrial products company’s stock worth $16,664,000 after buying an additional 357,110 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in AZZ in the third 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 last quarter. HighTower Advisors LLC purchased a new position in shares of AZZ during the 3rd quarter worth $5,216,000. Finally, Assenagon Asset Management S.A. increased its position in shares of AZZ by 26.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 51,396 shares of the industrial products company’s stock worth $2,343,000 after purchasing an additional 10,758 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

AZZ Price Performance

AZZ stock opened at $75.48 on Friday. The business’s fifty day moving average price is $74.51 and its 200 day moving average price is $60.26. 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 company has a market capitalization of $1.89 billion, a PE ratio of 27.25, a P/E/G ratio of 1.16 and a beta of 1.28.

AZZ Announces Dividend

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

Analysts Set New Price Targets

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

About AZZ

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.