Barclays PLC Buys 8,120 Shares of AZZ Inc (NYSE:AZZ)

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Barclays PLC boosted its stake in AZZ Inc (NYSE:AZZ) by 23.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 42,351 shares of the industrial products company’s stock after buying an additional 8,120 shares during the quarter. Barclays PLC’s holdings in AZZ were worth $1,846,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Arizona State Retirement System grew its holdings in shares of AZZ by 0.7% in the second quarter. Arizona State Retirement System now owns 40,535 shares of the industrial products company’s stock worth $1,865,000 after acquiring an additional 292 shares during the period. Sheets Smith Wealth Management lifted its holdings in shares of AZZ by 3.4% in the 3rd quarter. Sheets Smith Wealth Management now owns 10,255 shares of the industrial products company’s stock valued at $447,000 after acquiring an additional 334 shares during the last quarter. Quantamental Technologies LLC lifted its holdings in shares of AZZ by 39.9% in the 2nd quarter. Quantamental Technologies LLC now owns 1,752 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 500 shares during the last quarter. California State Teachers Retirement System grew its position in AZZ by 1.4% in the third quarter. California State Teachers Retirement System now owns 40,485 shares of the industrial products company’s stock worth $1,764,000 after acquiring an additional 551 shares in the last quarter. Finally, Aperio Group LLC grew its position in AZZ by 10.2% in the second quarter. Aperio Group LLC now owns 6,182 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 571 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

AZZ has been the topic of several analyst reports. Zacks Investment Research cut AZZ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. TheStreet lowered AZZ from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th.

NYSE:AZZ opened at $44.04 on Friday. The firm has a market capitalization of $1.00 billion, a PE ratio of 22.47 and a beta of 1.39. The stock’s fifty day moving average is $38.59 and its 200 day moving average is $42.19. AZZ Inc has a fifty-two week low of $35.81 and a fifty-two week high of $50.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.01 and a current ratio of 2.86.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Thursday, December 5th. The industrial products company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. AZZ had a net margin of 5.95% and a return on equity of 9.44%. The company had revenue of $236.20 million during the quarter, compared to analyst estimates of $234.90 million. During the same period in the previous year, the firm earned $0.43 earnings per share. AZZ’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that AZZ Inc will post 2.7 EPS for the current year.

AZZ Company Profile

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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