Ameriprise Financial Inc. Buys 2,217 Shares of AZZ Inc (AZZ)

Ameriprise Financial Inc. grew its stake in AZZ Inc (NYSE:AZZ) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,475 shares of the industrial products company’s stock after purchasing an additional 2,217 shares during the period. Ameriprise Financial Inc. owned about 0.67% of AZZ worth $8,448,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AZZ. Aperio Group LLC lifted its position in shares of AZZ by 13.6% during the 2nd quarter. Aperio Group LLC now owns 5,392 shares of the industrial products company’s stock valued at $301,000 after buying an additional 645 shares in the last quarter. Russell Investments Group Ltd. raised its stake in AZZ by 11.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,219 shares of the industrial products company’s stock valued at $905,000 after purchasing an additional 1,708 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in AZZ by 3.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,130 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 230 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in AZZ by 3.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 37,962 shares of the industrial products company’s stock valued at $2,116,000 after purchasing an additional 1,260 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in AZZ by 8.9% in the 2nd quarter. TD Asset Management Inc. now owns 26,800 shares of the industrial products company’s stock valued at $1,495,000 after purchasing an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.

Shares of AZZ Inc (NYSE AZZ) opened at $51.40 on Friday. AZZ Inc has a 52 week low of $43.17 and a 52 week high of $65.90. The stock has a market capitalization of $1,325.32, a price-to-earnings ratio of 26.09 and a beta of 1.55. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.53.

AZZ (NYSE:AZZ) last issued its earnings results on Tuesday, October 3rd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). AZZ had a return on equity of 9.65% and a net margin of 6.27%. The company had revenue of $190.40 million during the quarter, compared to analyst estimates of $193.70 million. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. sell-side analysts anticipate that AZZ Inc will post 1.99 earnings per share for the current fiscal year.

AZZ has been the subject of several recent research reports. Zacks Investment Research raised AZZ from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Stifel Nicolaus reissued a “hold” rating and issued a $56.00 price objective on shares of AZZ in a research note on Thursday, September 7th.

WARNING: “Ameriprise Financial Inc. Buys 2,217 Shares of AZZ Inc (AZZ)” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2017/12/24/ameriprise-financial-inc-buys-2217-shares-of-azz-inc-azz.html.

AZZ Profile

AZZ Inc is a provider of galvanizing services, welding solutions, specialty electrical equipment and engineered services to the power generation, transmission, distribution, refining and industrial markets. The Company operates through two segments: Energy segment and Galvanizing segment. Its Energy segment provides products and services designed to support industrial, nuclear and electrical applications.

Institutional Ownership by Quarter for AZZ (NYSE:AZZ)

Receive News & Ratings for AZZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZZ and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit