Cullen Frost Bankers Inc. maintained its position in AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,636 shares of the industrial products company’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in AZZ were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in AZZ by 138,433.7% in the first quarter. BlackRock Inc. now owns 3,100,385 shares of the industrial products company’s stock worth $184,473,000 after buying an additional 3,098,147 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AZZ by 4.5% in 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 last quarter. Neuberger Berman Group LLC boosted its position in shares of AZZ by 30.6% in the first quarter. Neuberger Berman Group LLC now owns 1,706,121 shares of the industrial products company’s stock worth $101,514,000 after buying an additional 399,696 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of AZZ by 7.6% in 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of AZZ by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 961,696 shares of the industrial products company’s stock worth $57,219,000 after buying an additional 20,519 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

AZZ Inc. (NYSE AZZ) opened at 50.10 on Thursday. AZZ Inc. has a 52 week low of $47.63 and a 52 week high of $67.98. The stock has a market cap of $1.30 billion, a PE ratio of 24.67 and a beta of 1.57. The firm’s 50-day moving average price is $51.97 and its 200-day moving average price is $56.34.

AZZ (NYSE:AZZ) last announced its earnings results on Thursday, July 6th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.19. The company had revenue of $208.60 million for the quarter, compared to the consensus estimate of $225.08 million. AZZ had a net margin of 6.44% and a return on equity of 10.98%. The firm’s revenue was down 14.1% compared to the same quarter last year. During the same period last year, the business posted $0.81 EPS. Equities analysts predict that AZZ Inc. will post $2.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, July 14th. This represents a $0.68 annualized dividend and a yield of 1.36%. AZZ’s dividend payout ratio (DPR) is presently 33.50%.

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A number of research analysts have issued reports on AZZ shares. Stifel Nicolaus lowered their price objective on 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 cut AZZ from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. BidaskClub cut AZZ from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, TheStreet cut AZZ from a “b” rating to a “c+” rating in a research note on Friday, July 7th.

In related news, insider Thomas E. Ferguson bought 5,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 49,037 shares of the company’s stock, valued at $2,431,744.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul Wesley Fehlman bought 1,500 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were bought at an average cost of $49.31 per share, for a total transaction of $73,965.00. Following the transaction, the chief financial officer now directly owns 9,287 shares in the company, valued at approximately $457,941.97. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by company insiders.

AZZ Company 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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