AZZ Inc. (NYSE:AZZ) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its stake in AZZ Inc. (NYSE:AZZ) by 7.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,815 shares of the industrial products company’s stock after selling 1,710 shares during the period. Moody National Bank Trust Division owned about 0.07% of AZZ worth $1,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZZ. Victory Capital Management Inc. grew its stake in shares of AZZ by 191.6% in the second quarter. Victory Capital Management Inc. now owns 22,789 shares of the industrial products company’s stock valued at $1,760,000 after buying an additional 14,975 shares in the last quarter. Arizona State Retirement System grew its position in AZZ by 12.2% in the 2nd quarter. Arizona State Retirement System now owns 7,733 shares of the industrial products company’s stock valued at $597,000 after acquiring an additional 841 shares in the last quarter. Acadian Asset Management LLC acquired a new position in AZZ in the 2nd quarter valued at about $116,000. Texas Permanent School Fund Corp increased its stake in AZZ by 16.6% during the second quarter. Texas Permanent School Fund Corp now owns 25,599 shares of the industrial products company’s stock worth $1,978,000 after purchasing an additional 3,652 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of AZZ by 20.0% during the second quarter. American Century Companies Inc. now owns 47,648 shares of the industrial products company’s stock worth $3,681,000 after purchasing an additional 7,940 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price objective on shares of AZZ from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $96.80.

AZZ Stock Down 1.9 %

AZZ stock opened at $82.12 on Tuesday. The company’s 50 day moving average price is $87.44 and its 200 day moving average price is $81.98. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 64.16, a PEG ratio of 1.33 and a beta of 1.30. AZZ Inc. has a fifty-two week low of $56.87 and a fifty-two week high of $97.98. 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 data on Tuesday, January 7th. The industrial products company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The company had revenue of $403.65 million for the quarter, compared to the consensus estimate of $394.30 million. AZZ had a net margin of 7.63% and a return on equity of 16.88%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. On average, equities research analysts anticipate that AZZ Inc. will post 5.08 EPS for the current fiscal year.

AZZ Company 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.