Bank of Montreal Can continued to hold its position in AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,613 shares of the industrial products company’s stock at the close of the second quarter. Bank of Montreal Can’s holdings in AZZ were worth $146,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of AZZ. BlackRock Inc. boosted its stake in AZZ by 138,433.7% in the 1st quarter. BlackRock Inc. now owns 3,100,385 shares of the industrial products company’s stock worth $184,473,000 after purchasing an additional 3,098,147 shares during the period. Neuberger Berman Group LLC boosted its stake in AZZ by 30.6% in the 1st quarter. Neuberger Berman Group LLC now owns 1,706,121 shares of the industrial products company’s stock worth $101,514,000 after purchasing an additional 399,696 shares during the period. Thrivent Financial For Lutherans boosted its stake in AZZ by 41.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 878,160 shares of the industrial products company’s stock worth $52,251,000 after purchasing an additional 259,210 shares during the period. Vanguard Group Inc. boosted its stake in AZZ by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 2,286,980 shares of the industrial products company’s stock worth $136,076,000 after purchasing an additional 97,870 shares during the period. Finally, State Street Corp boosted its stake in AZZ by 5.8% in the 1st quarter. State Street Corp now owns 603,142 shares of the industrial products company’s stock worth $35,890,000 after purchasing an additional 33,064 shares during the period. 85.81% of the stock is owned by hedge funds and other institutional investors.
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In other news, insider Thomas E. Ferguson purchased 5,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The stock was purchased at an average price of $49.59 per share, for a total transaction of $247,950.00. Following the completion of the purchase, the insider now directly owns 49,037 shares in the company, valued at approximately $2,431,744.83. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Wesley Fehlman purchased 1,500 shares of the business’s stock in a transaction on Tuesday, July 11th. The stock was purchased at an average price of $49.31 per share, with a total value of $73,965.00. Following the purchase, the chief financial officer now owns 9,287 shares of the company’s stock, valued at $457,941.97. The disclosure for this purchase can be found here. Company insiders own 0.01% of the company’s stock.
Shares of AZZ Inc. (NYSE:AZZ) traded up 1.00% during midday trading on Friday, hitting $50.70. 97,338 shares of the company’s stock were exchanged. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 24.96 and a beta of 1.58. AZZ Inc. has a 52 week low of $46.20 and a 52 week high of $67.70. The company has a 50-day moving average of $48.95 and a 200-day moving average of $54.43.
AZZ (NYSE:AZZ) last announced its earnings results on Thursday, July 6th. The industrial products company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.19). AZZ had a return on equity of 10.98% and a net margin of 6.44%. The business had revenue of $208.60 million for the quarter, compared to analyst estimates of $225.08 million. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. Equities research analysts expect that AZZ Inc. will post $2.62 EPS for the current fiscal year.
AZZ has been the subject of a number of research reports. Stifel Nicolaus reissued a “hold” rating and set a $56.00 target price on shares of AZZ in a research note on Thursday, September 7th. Zacks Investment Research raised shares of AZZ from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub lowered shares of AZZ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, TheStreet lowered shares of AZZ from a “b” rating to a “c+” rating in a research note on Friday, July 7th.
AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.
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