Louisiana State Employees Retirement System bought a new position in shares of AZZ Inc. (NYSE:AZZ – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,200 shares of the industrial products company’s stock, valued at approximately $1,652,000.
Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. grew its position in AZZ by 92.5% in the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 124 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of AZZ in the second quarter valued at $30,000. Kestra Advisory Services LLC bought a new position in shares of AZZ in the fourth quarter valued at $38,000. Clearstead Advisors LLC grew its holdings in shares of AZZ by 184.3% during the fourth quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $39,000 after buying an additional 234 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of AZZ by 55.9% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock valued at $41,000 after buying an additional 137 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AZZ has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Weiss Ratings reissued a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. B. Riley Financial increased their price objective on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Evercore reaffirmed an “outperform” rating and set a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.00.
AZZ Price Performance
Shares of NYSE:AZZ opened at $150.23 on Thursday. The company has a market capitalization of $4.51 billion, a P/E ratio of 14.31 and a beta of 1.11. The company’s 50-day moving average is $144.87 and its 200 day moving average is $131.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20.
AZZ (NYSE:AZZ – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.15. The business had revenue of $385.10 million during the quarter, compared to the consensus estimate of $382.24 million. AZZ had a net margin of 19.23% and a return on equity of 14.47%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. On average, equities research analysts forecast that AZZ Inc. will post 6.78 earnings per share for the current year.
AZZ Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 9th. This is an increase from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio (DPR) is 7.62%.
AZZ Company Profile
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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