Atom Investors LP Acquires Shares of 4,736 AZZ Inc. (NYSE:AZZ)

Atom Investors LP acquired a new stake in shares of AZZ Inc. (NYSE:AZZ) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,736 shares of the industrial products company’s stock, valued at approximately $391,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of AZZ by 3,790.0% in the third quarter. Farther Finance Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $32,000 after buying an additional 379 shares during the last quarter. CWM LLC increased its position in AZZ by 69.4% in the second quarter. CWM LLC now owns 459 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 188 shares during the period. Point72 DIFC Ltd acquired a new stake in AZZ in the second quarter worth about $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in AZZ in the second quarter worth about $67,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in AZZ in the second quarter worth about $72,000. 90.93% of the stock is owned by institutional investors.

AZZ Price Performance

Shares of AZZ stock opened at $92.95 on Thursday. The stock has a 50-day moving average price of $83.15 and a 200 day moving average price of $80.68. The company has a quick ratio of 1.32, a current ratio of 1.85 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 73.28, a PEG ratio of 1.34 and a beta of 1.30. AZZ Inc. has a 12 month low of $50.27 and a 12 month high of $97.98.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, October 9th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $409.01 million during the quarter, compared to analyst estimates of $409.50 million. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $1.27 earnings per share. Research analysts expect that AZZ Inc. will post 5.11 EPS for the current year.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.68 annualized dividend and a dividend yield of 0.73%. AZZ’s payout ratio is currently 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.