Illinois Municipal Retirement Fund Has $1.28 Million Stake in AZZ Inc. (NYSE:AZZ)

Illinois Municipal Retirement Fund decreased its stake in AZZ Inc. (NYSE:AZZ) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,652 shares of the industrial products company’s stock after selling 1,548 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in AZZ were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased 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 worth $32,000 after acquiring an additional 379 shares in the last quarter. KBC Group NV increased its holdings in shares of AZZ by 50.8% in the fourth quarter. KBC Group NV now owns 1,244 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 419 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of AZZ in the fourth quarter worth about $233,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of AZZ by 225.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,832 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 1,961 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of AZZ in the third quarter worth about $234,000. 90.93% of the stock is currently owned by institutional investors.

AZZ Stock Up 1.3 %

AZZ stock opened at $96.26 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.77 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $89.19 and a two-hundred day moving average price of $85.17. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 65.04, a P/E/G ratio of 1.32 and a beta of 1.30. AZZ Inc. has a twelve month low of $69.59 and a twelve month high of $99.49.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. The firm had revenue of $403.65 million during the quarter, compared to the consensus estimate of $394.30 million. AZZ had a return on equity of 16.99% and a net margin of 7.94%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.19 earnings per share. Analysts anticipate that AZZ Inc. will post 5.13 EPS for the current fiscal year.

AZZ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, January 30th were paid a $0.17 dividend. The ex-dividend date was Thursday, January 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.71%. AZZ’s dividend payout ratio is 45.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. B. Riley increased their price target on AZZ from $99.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Roth Mkm started coverage on AZZ in a report on Tuesday, February 11th. They issued a “buy” rating and a $108.00 price target for the company. Jefferies Financial Group increased their price objective on AZZ from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Roth Capital upgraded AZZ to a “strong-buy” rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AZZ presently has an average rating of “Moderate Buy” and an average target price of $100.67.

About AZZ

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.