Two Sigma Investments LP reduced its position in shares of AZZ Inc (NYSE:AZZ) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,309 shares of the industrial products company’s stock after selling 7,608 shares during the period. Two Sigma Investments LP owned about 0.14% of AZZ worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in AZZ. Texas Permanent School Fund lifted its stake in shares of AZZ by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 17,047 shares of the industrial products company’s stock worth $688,000 after acquiring an additional 671 shares during the period. NumerixS Investment Technologies Inc acquired a new position in AZZ in the fourth quarter valued at approximately $36,000. Great West Life Assurance Co. Can lifted its stake in AZZ by 3.6% in the third quarter. Great West Life Assurance Co. Can now owns 35,894 shares of the industrial products company’s stock valued at $1,812,000 after buying an additional 1,241 shares during the period. Principal Financial Group Inc. lifted its stake in AZZ by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 211,489 shares of the industrial products company’s stock valued at $8,536,000 after buying an additional 1,338 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in AZZ by 1.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 95,300 shares of the industrial products company’s stock valued at $3,846,000 after buying an additional 1,400 shares during the period. Institutional investors own 89.34% of the company’s stock.
Separately, Zacks Investment Research raised AZZ from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. AZZ has a consensus rating of “Hold” and an average target price of $55.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid 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 yield of 1.45%. AZZ’s dividend payout ratio (DPR) is presently 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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