Texas Permanent School Fund Has $728,000 Stock Position in AZZ Inc. (NYSE:AZZ)

Texas Permanent School Fund grew its position in AZZ Inc. (NYSE:AZZGet Rating) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,844 shares of the industrial products company’s stock after buying an additional 338 shares during the period. Texas Permanent School Fund’s holdings in AZZ were worth $728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AZZ. Comerica Bank grew its holdings in shares of AZZ by 1.5% in the 1st quarter. Comerica Bank now owns 22,045 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 317 shares during the period. SG Americas Securities LLC lifted its position in AZZ by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 45,216 shares of the industrial products company’s stock valued at $2,181,000 after acquiring an additional 2,305 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in AZZ by 29.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,811 shares of the industrial products company’s stock valued at $666,000 after acquiring an additional 3,129 shares in the last quarter. New York State Common Retirement Fund lifted its position in AZZ by 69.1% in the 1st quarter. New York State Common Retirement Fund now owns 30,287 shares of the industrial products company’s stock valued at $1,461,000 after acquiring an additional 12,380 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in AZZ in the 1st quarter valued at $406,000. Institutional investors and hedge funds own 78.92% of the company’s stock.

AZZ Trading Up 2.0 %

Shares of NYSE:AZZ opened at $40.60 on Monday. The company’s 50-day moving average price is $38.51 and its two-hundred day moving average price is $41.43. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.88 and a quick ratio of 1.47. AZZ Inc. has a one year low of $30.21 and a one year high of $57.32. The stock has a market capitalization of $1.01 billion, a PE ratio of 52.73 and a beta of 1.26.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th were given a dividend of $0.17 per share. The ex-dividend date was Monday, October 17th. This represents a $0.68 annualized dividend and a yield of 1.67%. AZZ’s dividend payout ratio (DPR) is presently 88.31%.

Wall Street Analyst Weigh In

Several research firms recently commented on AZZ. Sidoti raised shares of AZZ from a “neutral” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, October 12th. TheStreet cut shares of AZZ from a “b-” rating to a “c+” rating in a research report on Friday, October 14th. Stifel Nicolaus cut their price objective on shares of AZZ from $62.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, September 20th. Finally, StockNews.com raised shares of AZZ from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th.

Insider Activity

In other news, COO Kurt L. Russell bought 3,000 shares of the company’s stock in a transaction dated Friday, October 14th. The shares were bought at an average cost of $34.89 per share, with a total value of $104,670.00. Following the acquisition, the chief operating officer now owns 3,000 shares in the company, valued at $104,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Kurt L. Russell bought 3,000 shares of the company’s stock in a transaction dated Friday, October 14th. The shares were bought at an average cost of $34.89 per share, with a total value of $104,670.00. Following the acquisition, the chief operating officer now owns 3,000 shares in the company, valued at $104,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ken Lavelle bought 2,000 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was purchased at an average cost of $34.68 per share, for a total transaction of $69,360.00. Following the completion of the acquisition, the insider now owns 24,361 shares in the company, valued at approximately $844,839.48. The disclosure for this purchase can be found here. 1.72% of the stock is owned by insiders.

About AZZ

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AZZ Inc offers galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, refining, and industrial markets in the United States and internationally. The company operates through two segments, Infrastructure Solutions and Metal Coatings.

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Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

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