AZZ Inc. (NYSE:AZZ) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its position in AZZ Inc. (NYSE:AZZ) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,658 shares of the industrial products company’s stock after acquiring an additional 143 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AZZ were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wakefield Asset Management LLLP acquired a new stake in AZZ in the 4th quarter worth about $1,008,000. Principal Financial Group Inc. boosted its holdings in AZZ by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 164,840 shares of the industrial products company’s stock worth $13,504,000 after buying an additional 7,422 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in AZZ by 0.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,151 shares of the industrial products company’s stock worth $1,978,000 after buying an additional 154 shares during the last quarter. Rhumbline Advisers boosted its holdings in AZZ by 6.4% in the 4th quarter. Rhumbline Advisers now owns 87,228 shares of the industrial products company’s stock worth $7,146,000 after buying an additional 5,247 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in AZZ in the 4th quarter worth about $4,037,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Roth Mkm assumed coverage on AZZ in a report on Tuesday, February 11th. They issued a “buy” rating and a $108.00 price objective on the stock. Roth Capital raised shares of AZZ to a “strong-buy” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised their target price on shares of AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, B. Riley raised their target price on shares of AZZ from $99.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.67.

AZZ Stock Up 1.3 %

AZZ stock opened at $96.26 on Friday. The firm has a market cap of $2.88 billion, a PE ratio of 65.04, a PEG ratio of 1.32 and a beta of 1.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.77. The firm’s 50 day moving average price is $89.19 and its 200-day moving average price is $85.10. AZZ Inc. has a one year low of $69.59 and a one year high of $99.49.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. The firm had revenue of $403.65 million for the quarter, compared to analyst estimates of $394.30 million. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 EPS. On average, equities research analysts anticipate that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, January 30th. AZZ’s payout ratio is presently 45.95%.

About AZZ

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.