AZZ Inc. (NYSE:AZZ) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in AZZ Inc. (NYSE:AZZ) by 22.6% during the third quarter, HoldingsChannel.com reports. The firm owned 17,800 shares of the industrial products company’s stock after selling 5,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in AZZ were worth $1,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 379 shares in the last quarter. CWM LLC raised its stake in shares of AZZ by 69.4% in the 2nd quarter. CWM LLC now owns 459 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 188 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of AZZ during the second quarter worth about $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in AZZ in the second quarter worth about $67,000. Finally, 1620 Investment Advisors Inc. bought a new stake in AZZ in the second quarter valued at about $72,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

AZZ Trading Up 2.2 %

NYSE:AZZ opened at $93.14 on Monday. The company has a market cap of $2.78 billion, a PE ratio of 72.77, a P/E/G ratio of 1.30 and a beta of 1.25. The business’s 50 day moving average is $82.62 and its two-hundred day moving average is $80.41. The company has a quick ratio of 1.32, a current ratio of 1.85 and a debt-to-equity ratio of 0.91. AZZ Inc. has a 52 week low of $48.19 and a 52 week high of $97.98.

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

AZZ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors 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 annualized dividend and a yield of 0.73%. AZZ’s dividend payout ratio (DPR) is 53.13%.

AZZ Company 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.