AZZ Inc. (AZZ) Holdings Maintained by Swiss National Bank
Swiss National Bank held its position in shares of AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,600 shares of the industrial products company’s stock at the close of the second quarter. Swiss National Bank owned about 0.16% of AZZ worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Capital Analysts LLC acquired a new position in shares of AZZ in the 2nd quarter valued at about $108,000. Ameritas Investment Partners Inc. bought a new stake in shares of AZZ during the 1st quarter valued at about $133,000. Quantbot Technologies LP boosted its position in shares of AZZ by 364.0% during the 1st quarter. Quantbot Technologies LP now owns 2,255 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,769 shares in the last quarter. Bank of Montreal Can boosted its position in shares of AZZ by 6.9% during the 1st quarter. Bank of Montreal Can now owns 2,613 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 168 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of AZZ during the 1st quarter valued at about $282,000. 85.34% of the stock is owned by hedge funds and other institutional investors.
In other AZZ news, CFO Paul Wesley Fehlman bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The stock was bought at an average price of $49.31 per share, for a total transaction of $73,965.00. Following the completion of the acquisition, the chief financial officer now directly owns 9,287 shares in the company, valued at $457,941.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas E. Ferguson bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were acquired at an average price of $49.59 per share, with a total value of $247,950.00. Following the acquisition, the insider now owns 49,037 shares of the company’s stock, valued at $2,431,744.83. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by company insiders.
AZZ Inc. (NYSE:AZZ) opened at 50.20 on Tuesday. The company’s 50 day moving average is $48.81 and its 200-day moving average is $53.60. AZZ Inc. has a 52-week low of $44.80 and a 52-week high of $67.70. The firm has a market cap of $1.30 billion, a P/E ratio of 24.72 and a beta of 1.52.
AZZ (NYSE:AZZ) last released its quarterly earnings data on Thursday, July 6th. The industrial products company reported $0.51 earnings per share for the quarter, missing the 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 during the quarter, compared to analysts’ expectations of $225.08 million. During the same quarter last year, the business posted $0.81 EPS. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. On average, equities analysts predict that AZZ Inc. will post $2.20 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. Zacks Investment Research raised AZZ from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Stifel Nicolaus dropped their price target on AZZ from $58.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, July 7th. BidaskClub lowered AZZ from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, TheStreet lowered 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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