AZZ Inc. (NYSE:AZZ) Shares Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL increased its stake in AZZ Inc. (NYSE:AZZ) by 27.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,540 shares of the industrial products company’s stock after purchasing an additional 3,609 shares during the period. AZZ accounts for about 1.2% of Chesapeake Capital Corp IL’s portfolio, making the stock its 9th largest position. Chesapeake Capital Corp IL owned about 0.06% of AZZ worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. CWM LLC boosted its stake in AZZ by 69.4% in the 2nd quarter. CWM LLC now owns 459 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 188 shares in the last quarter. Claro Advisors LLC raised its position in AZZ by 7.7% during the 2nd quarter. Claro Advisors LLC now owns 3,298 shares of the industrial products company’s stock worth $255,000 after buying an additional 236 shares during the last quarter. FSC Wealth Advisors LLC raised its position in AZZ by 38.6% during the 2nd quarter. FSC Wealth Advisors LLC now owns 951 shares of the industrial products company’s stock worth $73,000 after buying an additional 265 shares during the last quarter. ProShare Advisors LLC raised its position in AZZ by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 5,010 shares of the industrial products company’s stock worth $387,000 after buying an additional 344 shares during the last quarter. Finally, Pullen Investment Management LLC raised its position in AZZ by 3.3% during the 2nd quarter. Pullen Investment Management LLC now owns 11,379 shares of the industrial products company’s stock worth $879,000 after buying an additional 368 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Baird R W raised shares of AZZ to a “hold” rating in a research report on Tuesday, July 23rd. Wolfe Research assumed coverage on shares of AZZ in a research report on Wednesday, July 31st. They set a “peer perform” rating for the company. Finally, Robert W. Baird assumed coverage on shares of AZZ in a report on Tuesday, July 23rd. They set a “neutral” rating and a $90.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.80.

AZZ Price Performance

NYSE:AZZ opened at $82.93 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.85 and a quick ratio of 1.32. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 64.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.25. The company has a 50 day moving average price of $79.95 and a 200-day moving average price of $79.31. AZZ Inc. has a 1-year low of $48.03 and a 1-year high of $88.67.

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

AZZ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, October 18th. AZZ’s payout ratio 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.