AHL Partners LLP lifted its stake in AZZ Inc. (NYSE:AZZ) by 123.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,961 shares of the industrial products company’s stock after acquiring an additional 20,398 shares during the quarter. AHL Partners LLP owned 0.14% of AZZ worth $2,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Pinebridge Investments L.P. grew its stake in shares of AZZ by 1.3% in the second quarter. Pinebridge Investments L.P. now owns 3,431 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 45 shares during the period. Ironwood Investment Management LLC grew its stake in shares of AZZ by 0.4% in the first quarter. Ironwood Investment Management LLC now owns 17,925 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 65 shares during the period. Arizona State Retirement System grew its stake in shares of AZZ by 0.7% in the first quarter. Arizona State Retirement System now owns 13,516 shares of the industrial products company’s stock worth $804,000 after acquiring an additional 100 shares during the period. Amalgamated Bank grew its stake in shares of AZZ by 4.9% in the second quarter. Amalgamated Bank now owns 3,595 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 167 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of AZZ by 1.0% in the second quarter. Wells Fargo & Company MN now owns 19,626 shares of the industrial products company’s stock worth $1,095,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 85.44% of the company’s stock.

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Shares of AZZ Inc. (NYSE AZZ) opened at 47.15 on Friday. AZZ Inc. has a 52 week low of $44.80 and a 52 week high of $67.70. The stock has a 50 day moving average of $48.49 and a 200-day moving average of $53.05. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.93 and a beta of 1.52.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Tuesday, October 3rd. The industrial products company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). The company had revenue of $190.40 million during the quarter, compared to analysts’ expectations of $193.70 million. AZZ had a net margin of 6.27% and a return on equity of 9.65%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. On average, analysts anticipate that AZZ Inc. will post $1.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Tuesday, October 17th. AZZ’s payout ratio is currently 34.52%.

A number of analysts have recently commented on AZZ shares. Stifel Nicolaus reduced their price target on shares of AZZ from $58.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, July 7th. Zacks Investment Research lowered shares of AZZ from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. TheStreet lowered shares of AZZ from a “b” rating to a “c+” rating in a research note on Friday, July 7th. Finally, BidaskClub lowered shares of AZZ from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

AZZ Profile

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.

Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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