Isthmus Partners LLC Lowers Stock Holdings in AZZ Inc. (NYSE:AZZ)

Isthmus Partners LLC trimmed its stake in AZZ Inc. (NYSE:AZZ) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,092 shares of the industrial products company’s stock after selling 11,952 shares during the period. Isthmus Partners LLC owned about 0.17% of AZZ worth $4,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in AZZ by 3,790.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $32,000 after buying an additional 379 shares during the period. CWM LLC lifted its position in shares of AZZ by 69.4% in the 2nd quarter. CWM LLC now owns 459 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 188 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of AZZ in the 2nd quarter worth approximately $52,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZZ in the 2nd quarter worth approximately $67,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of AZZ in the 2nd quarter worth approximately $72,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

AZZ Price Performance

Shares of AZZ opened at $91.15 on Friday. The company has a 50 day moving average price of $82.23 and a 200-day moving average price of $80.19. AZZ Inc. has a fifty-two week low of $48.03 and a fifty-two week high of $97.98. The stock has a market capitalization of $2.72 billion, a PE ratio of 71.21, a PEG ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.85.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The firm had revenue of $409.01 million during the quarter, compared to analysts’ expectations of $409.50 million. During the same quarter in the prior year, the company earned $1.27 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that AZZ Inc. will post 5.11 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.17 per share. The ex-dividend date was Friday, October 18th. This represents a $0.68 dividend on an annualized basis and a yield of 0.75%. AZZ’s payout ratio is 53.13%.

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.