AZZ Inc (NYSE:AZZ) Holdings Cut by Barclays PLC

Barclays PLC lessened its stake in AZZ Inc (NYSE:AZZ) by 61.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,809 shares of the industrial products company’s stock after selling 20,316 shares during the quarter. Barclays PLC’s holdings in AZZ were worth $517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of AZZ by 2.1% during the third quarter. Vanguard Group Inc. now owns 2,547,625 shares of the industrial products company’s stock valued at $128,655,000 after purchasing an additional 51,830 shares during the period. United Services Automobile Association bought a new stake in shares of AZZ in the third quarter worth $202,000. MetLife Investment Advisors LLC boosted its holdings in AZZ by 37.9% in the third quarter. MetLife Investment Advisors LLC now owns 17,263 shares of the industrial products company’s stock worth $872,000 after purchasing an additional 4,741 shares during the period. Neuberger Berman Group LLC boosted its holdings in AZZ by 7.3% in the third quarter. Neuberger Berman Group LLC now owns 1,916,807 shares of the industrial products company’s stock worth $96,799,000 after purchasing an additional 130,893 shares during the period. Finally, Arizona State Retirement System boosted its holdings in AZZ by 6.3% in the fourth quarter. Arizona State Retirement System now owns 40,117 shares of the industrial products company’s stock worth $1,619,000 after purchasing an additional 2,361 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

A number of research firms have commented on AZZ. Zacks Investment Research raised shares of AZZ from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Stifel Nicolaus reissued a “hold” rating and set a $50.00 price target on shares of AZZ in a report on Wednesday, December 19th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.33.

NYSE AZZ traded up $0.54 on Monday, hitting $44.51. 113,504 shares of the company were exchanged, compared to its average volume of 87,815. The company has a market cap of $1.15 billion, a PE ratio of 32.97 and a beta of 1.36. AZZ Inc has a twelve month low of $37.43 and a twelve month high of $56.05. The company has a current ratio of 2.87, a quick ratio of 1.97 and a debt-to-equity ratio of 0.46.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%. AZZ’s dividend payout ratio is 50.37%.

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AZZ Company Profile

AZZ Inc provides galvanizing and metal coating services, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. The company operates through two segments, Energy Segment and Metal Coatings.

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Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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