Teachers Retirement System of The State of Kentucky maintained its stake in shares of AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,366 shares of the industrial products company’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.10% of AZZ worth $1,472,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in AZZ by 1,348.3% during the first quarter. JPMorgan Chase & Co. now owns 9,240 shares of the industrial products company’s stock worth $549,000 after buying an additional 8,602 shares during the period. Vanguard Group Inc. boosted its stake in AZZ by 4.5% during the first quarter. Vanguard Group Inc. now owns 2,286,980 shares of the industrial products company’s stock worth $136,076,000 after buying an additional 97,870 shares during the period. Van Berkom & Associates Inc. boosted its stake in AZZ by 7.6% during the second quarter. Van Berkom & Associates Inc. now owns 971,332 shares of the industrial products company’s stock worth $54,200,000 after buying an additional 68,910 shares during the period. Capital Analysts LLC purchased a new position in AZZ during the second quarter worth about $108,000. Finally, Mason Street Advisors LLC boosted its stake in AZZ by 6.8% during the first quarter. Mason Street Advisors LLC now owns 6,069 shares of the industrial products company’s stock worth $361,000 after buying an additional 385 shares during the period. 85.34% of the stock is owned by institutional investors.

AZZ Inc. (AZZ) opened at 46.40 on Friday. The firm’s 50-day moving average is $48.62 and its 200 day moving average is $53.43. AZZ Inc. has a 52 week low of $44.80 and a 52 week high of $67.70. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 23.55 and a beta of 1.52.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Tuesday, October 3rd. The industrial products company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.09). AZZ had a net margin of 6.27% and a return on equity of 9.65%. The company had revenue of $190.40 million for the quarter, compared to analyst estimates of $193.70 million. During the same period in the prior year, the company earned $0.55 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts expect 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. Stockholders of record on Wednesday, October 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, October 17th. AZZ’s dividend payout ratio is currently 34.52%.

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AZZ has been the subject of several research analyst reports. Zacks Investment Research lowered shares of AZZ from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 28th. Stifel Nicolaus lowered their target price 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. BidaskClub lowered shares of AZZ from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, TheStreet lowered shares of AZZ from a “b” rating to a “c+” rating in a research note on Friday, July 7th.

In related news, insider Thomas E. Ferguson acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was bought at an average price of $49.59 per share, with a total value of $247,950.00. Following 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 filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Wesley Fehlman acquired 1,500 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were bought at an average cost 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 in the company, valued at $457,941.97. The disclosure for this purchase can be found here. Corporate insiders own 0.01% of the company’s stock.

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.

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Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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