Jump Financial LLC Has $483,000 Holdings in AZZ Inc. (NYSE:AZZ)

Jump Financial LLC decreased its position in shares of AZZ Inc. (NYSE:AZZ) by 66.9% in the 4th quarter, HoldingsChannel reports. The fund owned 5,901 shares of the industrial products company’s stock after selling 11,924 shares during the period. Jump Financial LLC’s holdings in AZZ were worth $483,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in AZZ by 32.4% during the 4th quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 126 shares in the last quarter. US Bancorp DE grew its holdings in shares of AZZ by 39.0% during the fourth quarter. US Bancorp DE now owns 463 shares of the industrial products company’s stock valued at $38,000 after buying an additional 130 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of AZZ by 4.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 143 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of AZZ by 0.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,151 shares of the industrial products company’s stock worth $1,978,000 after acquiring an additional 154 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in AZZ by 7.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,072 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 205 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Roth Capital raised AZZ to a “strong-buy” rating in a report on Tuesday, February 11th. Noble Financial reissued an “outperform” rating on shares of AZZ in a research report on Thursday, March 6th. B. Riley lifted their price objective on shares of 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 shares of AZZ in a report on Tuesday, February 11th. They issued a “buy” rating and a $108.00 target price for the company. Finally, Sidoti upgraded shares of AZZ from a “neutral” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AZZ presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.71.

AZZ Stock Performance

NYSE AZZ opened at $84.73 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.77. The company has a market capitalization of $2.53 billion, a PE ratio of 57.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. AZZ Inc. has a 52-week low of $69.59 and a 52-week high of $99.49. The company has a 50-day simple moving average of $86.27 and a 200 day simple moving average of $86.29.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. AZZ had a net margin of 7.94% and a return on equity of 16.99%. The company had revenue of $351.88 million for the quarter, compared to analysts’ expectations of $367.78 million. On average, research analysts predict that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 24th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, April 24th. This represents a $0.68 annualized dividend and a dividend yield of 0.80%. AZZ’s payout ratio is 42.77%.

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.