Delphi Management Inc. MA cut its holdings in AZZ Inc. (NYSE:AZZ – Free Report) by 27.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,918 shares of the industrial products company’s stock after selling 3,831 shares during the period. AZZ makes up about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 17th biggest holding. Delphi Management Inc. MA’s holdings in AZZ were worth $1,241,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AZZ. Banque Cantonale Vaudoise bought a new position in shares of AZZ in the 1st quarter valued at about $201,000. SG Americas Securities LLC increased its stake in AZZ by 78.6% during the first quarter. SG Americas Securities LLC now owns 16,561 shares of the industrial products company’s stock worth $2,072,000 after acquiring an additional 7,286 shares during the last quarter. Balboa Wealth Partners purchased a new stake in AZZ during the first quarter valued at approximately $278,000. Pullen Investment Management LLC raised its position in AZZ by 1.7% during the first quarter. Pullen Investment Management LLC now owns 23,284 shares of the industrial products company’s stock valued at $2,914,000 after purchasing an additional 397 shares during the period. Finally, Hsbc Holdings PLC raised its position in AZZ by 214.6% during the fourth quarter. Hsbc Holdings PLC now owns 9,184 shares of the industrial products company’s stock valued at $994,000 after purchasing an additional 6,265 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AZZ has been the subject of a number of recent research reports. Evercore reiterated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a report on Monday, April 27th. Robert W. Baird raised their price target on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. B. Riley Financial lifted their price objective on shares of AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company cut shares of AZZ from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $127.00 to $132.00 in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AZZ currently has an average rating of “Moderate Buy” and an average target price of $152.00.
AZZ Stock Up 0.3%
Shares of NYSE AZZ opened at $153.04 on Thursday. AZZ Inc. has a 1 year low of $90.21 and a 1 year high of $160.42. The firm has a 50-day simple moving average of $142.99 and a two-hundred day simple moving average of $130.02. The company has a market cap of $4.59 billion, a P/E ratio of 14.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21.
AZZ (NYSE:AZZ – Get Free Report) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The firm had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $382.24 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. Research analysts anticipate that AZZ Inc. will post 6.78 earnings per share for the current year.
AZZ Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s dividend payout ratio is 7.62%.
About AZZ
AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.
AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.
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