AZZ Inc. (NYSE:AZZ) Shares Purchased by Centiva Capital LP

Centiva Capital LP grew its position in shares of AZZ Inc. (NYSE:AZZ) by 64.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,650 shares of the industrial products company’s stock after purchasing an additional 2,614 shares during the quarter. Centiva Capital LP’s holdings in AZZ were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AZZ. Farther Finance Advisors LLC boosted 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 worth $32,000 after acquiring an additional 379 shares during the last quarter. CWM LLC lifted its stake in shares of AZZ by 69.4% during 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 acquired a new stake in shares of AZZ during the second quarter worth $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of AZZ during the second quarter worth $67,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of AZZ in the second quarter valued at $72,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised their price target on AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.80.

AZZ Trading Up 1.6 %

AZZ stock opened at $95.40 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.85 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 74.53, a PEG ratio of 1.30 and a beta of 1.30. The business has a fifty day simple moving average of $83.89 and a 200-day simple moving average of $80.93. AZZ Inc. has a 52 week low of $50.27 and a 52 week high of $97.98.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.32 by $0.05. The company had revenue of $409.01 million during the quarter, compared to analyst estimates of $409.50 million. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 earnings per share. On average, equities research analysts expect that AZZ Inc. will post 5.12 EPS for the current year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a $0.17 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.68 annualized dividend and a yield of 0.71%. 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.