Healthcare of Ontario Pension Plan Trust Fund Lowers Stock Position in AZZ Inc. (NYSE:AZZ)

Healthcare of Ontario Pension Plan Trust Fund reduced its position in AZZ Inc. (NYSE:AZZ) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,800 shares of the industrial products company’s stock after selling 5,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.06% of AZZ worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of 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 during the period. Claro Advisors LLC raised its holdings in AZZ by 7.7% in the second quarter. Claro Advisors LLC now owns 3,298 shares of the industrial products company’s stock valued at $255,000 after buying an additional 236 shares during the period. FSC Wealth Advisors LLC lifted its position in AZZ by 38.6% during the second quarter. FSC Wealth Advisors LLC now owns 951 shares of the industrial products company’s stock valued at $73,000 after buying an additional 265 shares in the last quarter. Pullen Investment Management LLC grew its stake in AZZ by 3.3% during the second 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 period. Finally, Farther Finance Advisors LLC increased its position 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. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Stock Up 2.2 %

Shares of AZZ stock opened at $93.14 on Monday. AZZ Inc. has a twelve month low of $48.19 and a twelve month high of $97.98. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 72.77, a price-to-earnings-growth ratio of 1.30 and a beta of 1.25. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average price of $82.62 and a 200 day moving average price of $80.41.

AZZ (NYSE:AZZ) last issued its earnings results on Wednesday, October 9th. The industrial products company reported $1.37 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 earnings per share. Equities research analysts forecast that AZZ Inc. will post 5.11 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, October 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.73%. AZZ’s dividend payout ratio is currently 53.13%.

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.