Yousif Capital Management LLC Acquires 1,023 Shares of AZZ Inc. (NYSE:AZZ)

Yousif Capital Management LLC boosted its position in AZZ Inc. (NYSE:AZZ) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,475 shares of the industrial products company’s stock after acquiring an additional 1,023 shares during the period. Yousif Capital Management LLC owned 0.05% of AZZ worth $783,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AZZ. SG Americas Securities LLC bought a new position in AZZ in the third quarter valued at about $389,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AZZ by 41.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,789 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 1,398 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in AZZ by 2.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,079 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 231 shares during the last quarter. Teacher Retirement System of Texas bought a new position in AZZ in the third quarter valued at about $485,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in AZZ in the third quarter valued at about $259,000. Institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AZZ. B. Riley raised their target price on AZZ from $67.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. StockNews.com cut AZZ from a “buy” rating to a “hold” rating in a report on Friday. Finally, Noble Financial cut AZZ from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a report on Friday, March 22nd.

AZZ Trading Up 1.1 %

NYSE AZZ opened at $75.02 on Monday. The firm has a market cap of $2.23 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.11 and a beta of 1.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. The stock’s 50-day moving average is $75.39 and its 200-day moving average is $62.60. AZZ Inc. has a one year low of $34.59 and a one year high of $84.52.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.23. The company had revenue of $366.50 million for the quarter, compared to analyst estimates of $351.67 million. AZZ had a return on equity of 15.66% and a net margin of 6.61%. AZZ’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Sell-side analysts anticipate that AZZ Inc. will post 4.83 earnings per share for the current fiscal year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Tuesday, April 16th. AZZ’s dividend payout ratio is currently 19.83%.

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.