A new 13F filing shows the California State Teachers Retirement System (CalSTRS) increased its stake in AZZ Inc. by 15,515.0% during the second quarter. The pension fund acquired 4,987,905 additional shares. Total holdings now reach 5,020,054 shares. This position represents 16.70% of the company. The holding is valued at $778.36 million.
AZZ Inc. raised its quarterly dividend from $0.20 to $0.24 per share. Quarterly revenue reached $448.53 million, beating the $434.58 million consensus estimate. Revenue grew 6.3% compared to the same period last year.
Two Chief Operating Officers sold shares in August.