Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of AZZ Inc (NYSE:AZZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,505 shares of the industrial products company’s stock, valued at approximately $239,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its position in shares of AZZ by 27.7% during the first quarter. Xact Kapitalforvaltning AB now owns 5,537 shares of the industrial products company’s stock valued at $242,000 after buying an additional 1,200 shares during the last quarter. Sheets Smith Wealth Management raised its position in shares of AZZ by 46.5% during the second quarter. Sheets Smith Wealth Management now owns 10,625 shares of the industrial products company’s stock valued at $462,000 after buying an additional 3,373 shares during the last quarter. Comerica Bank raised its position in shares of AZZ by 5.1% during the second quarter. Comerica Bank now owns 90,748 shares of the industrial products company’s stock valued at $4,891,000 after buying an additional 4,436 shares during the last quarter. Millennium Management LLC bought a new stake in shares of AZZ during the fourth quarter valued at approximately $297,000. Finally, Engine Capital Management LLC bought a new stake in shares of AZZ during the first quarter valued at approximately $271,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.

In related news, insider Matthew Varley Emery sold 844 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $54.05, for a total value of $45,618.20. Following the completion of the transaction, the insider now directly owns 7,523 shares of the company’s stock, valued at $406,618.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel R. Feehan sold 2,003 shares of the firm’s stock in a transaction on Wednesday, July 11th. The shares were sold at an average price of $54.50, for a total transaction of $109,163.50. Following the completion of the transaction, the director now directly owns 64,497 shares of the company’s stock, valued at $3,515,086.50. The disclosure for this sale can be found here. Company insiders own 0.01% of the company’s stock.

AZZ stock opened at $53.90 on Friday. The company has a market cap of $1.41 billion, a PE ratio of 39.96 and a beta of 1.43. The company has a current ratio of 2.96, a quick ratio of 2.07 and a debt-to-equity ratio of 0.56. AZZ Inc has a 1 year low of $39.50 and a 1 year high of $56.05.

AZZ (NYSE:AZZ) last posted its earnings results on Tuesday, July 3rd. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. AZZ had a net margin of 5.50% and a return on equity of 4.99%. The firm had revenue of $262.24 million during the quarter, compared to analyst estimates of $228.87 million. During the same period last year, the firm posted $0.46 earnings per share. AZZ’s revenue for the quarter was up 27.7% compared to the same quarter last year. analysts anticipate that AZZ Inc will post 2.2 earnings per share for the current fiscal year.

Several research firms have recently issued reports on AZZ. Zacks Investment Research upgraded shares of AZZ from a “strong sell” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday, July 17th. TheStreet upgraded shares of AZZ from a “c+” rating to a “b-” rating in a research report on Thursday, July 26th. ValuEngine upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. Finally, Stifel Nicolaus reduced their price objective on shares of AZZ from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Friday, May 18th.

About AZZ

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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