Dynamic Technology Lab Private Ltd Has $1.05 Million Holdings in AZZ Inc. (NYSE:AZZ)

Dynamic Technology Lab Private Ltd grew its position in shares of AZZ Inc. (NYSE:AZZ) by 258.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,689 shares of the industrial products company’s stock after buying an additional 9,149 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in AZZ were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position 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 in the last quarter. CWM LLC raised its holdings 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 purchasing an additional 188 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of AZZ during the 2nd quarter valued at $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of AZZ in the 2nd quarter valued at $67,000. Finally, 1620 Investment Advisors Inc. bought a new stake in AZZ in the second quarter worth $72,000. Institutional investors own 90.93% of the company’s stock.

AZZ Price Performance

NYSE AZZ opened at $92.24 on Wednesday. AZZ Inc. has a 1 year low of $48.03 and a 1 year high of $97.98. The company has a fifty day simple moving average of $81.76 and a 200 day simple moving average of $80.01. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.76 billion, a P/E ratio of 72.14, a P/E/G ratio of 1.34 and a beta of 1.25.

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, beating analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $409.01 million during the quarter, compared to analysts’ expectations of $409.50 million. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 earnings per share. On average, sell-side analysts predict that AZZ Inc. will post 5.11 EPS for the current year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, October 18th. AZZ’s dividend payout ratio is currently 53.13%.

Analyst Ratings Changes

Separately, Wolfe Research initiated coverage on AZZ in a report on Wednesday, July 31st. They set a “peer perform” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.80.

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.