AZZ Inc. (NYSE:AZZ) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its holdings in AZZ Inc. (NYSE:AZZ) by 225.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,832 shares of the industrial products company’s stock after purchasing an additional 1,961 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in AZZ were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of AZZ by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,074 shares of the industrial products company’s stock worth $2,016,000 after buying an additional 875 shares in the last quarter. Janus Henderson Group PLC grew its holdings in AZZ by 38.2% during the 1st quarter. Janus Henderson Group PLC now owns 16,580 shares of the industrial products company’s stock worth $1,282,000 after acquiring an additional 4,580 shares in the last quarter. CWM LLC grew its holdings in AZZ by 69.4% during the 2nd quarter. CWM LLC now owns 459 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 188 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of AZZ by 10.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 6,451 shares of the industrial products company’s stock worth $498,000 after purchasing an additional 589 shares during the last quarter. Finally, Welch Group LLC bought a new position in shares of AZZ during the second quarter worth about $270,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Stock Down 2.0 %

NYSE:AZZ opened at $93.80 on Wednesday. The stock has a 50-day simple moving average of $82.91 and a 200 day simple moving average of $80.56. AZZ Inc. has a one year low of $50.04 and a one year high of $97.98. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 73.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.85.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The business had revenue of $409.01 million during the quarter, compared to the consensus estimate of $409.50 million. During the same period in the previous year, the business earned $1.27 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts predict that AZZ Inc. will post 5.11 EPS for the current fiscal year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, October 18th. AZZ’s dividend payout ratio (DPR) is presently 53.13%.

AZZ Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.