Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. cut its position in AZZ Inc (NYSE:AZZ) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,381 shares of the industrial products company’s stock after selling 2,204 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. owned 0.12% of AZZ worth $1,552,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new position in shares of AZZ during the fourth quarter worth approximately $201,000. Crossmark Global Holdings Inc. acquired a new position in shares of AZZ during the third quarter worth approximately $251,000. Teacher Retirement System of Texas acquired a new position in shares of AZZ during the fourth quarter worth approximately $455,000. Municipal Employees Retirement System of Michigan lifted its position in shares of AZZ by 59.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 9,770 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 3,640 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its position in shares of AZZ by 285.9% during the fourth quarter. Pinebridge Investments L.P. now owns 12,454 shares of the industrial products company’s stock worth $636,000 after purchasing an additional 9,227 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of AZZ from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.17 per share. The ex-dividend date was Monday, February 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. AZZ’s payout ratio is 34.52%.
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.
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