Granite Investment Partners LLC Has $3.94 Million Stock Holdings in AZZ Inc. $AZZ

Granite Investment Partners LLC decreased its holdings in shares of AZZ Inc. (NYSE:AZZ – Free Report) by 16.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 31,508 shares of the industrial products company’s stock after selling 6,207 shares during the quarter. Granite Investment Partners LLC’s holdings in AZZ were worth $3,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AZZ. Lido Advisors LLC grew its stake in shares of AZZ by 3.0% during the fourth quarter. Lido Advisors LLC now owns 2,633 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 77 shares during the period. Oliver Luxxe Assets LLC lifted its stake in AZZ by 0.5% in the fourth quarter. Oliver Luxxe Assets LLC now owns 18,164 shares of the industrial products company’s stock valued at $1,947,000 after buying an additional 96 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in AZZ by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,882 shares of the industrial products company’s stock valued at $738,000 after buying an additional 100 shares during the period. LPL Financial LLC boosted its holdings in AZZ by 1.0% during the fourth quarter. LPL Financial LLC now owns 10,593 shares of the industrial products company’s stock worth $1,135,000 after buying an additional 101 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in AZZ by 92.5% during the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after buying an additional 124 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

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AZZ Stock Down 1.5%

NYSE:AZZ opened at $141.42 on Friday. The stock has a 50-day simple moving average of $145.54 and a 200 day simple moving average of $133.35. AZZ Inc. has a 52-week low of $92.98 and a 52-week high of $162.20. The company has a market cap of $4.25 billion, a PE ratio of 21.56 and a beta of 1.11. 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 (NYSE:AZZ – Get Free Report) last released its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.16. The firm had revenue of $448.53 million during the quarter, compared to the consensus estimate of $434.58 million. AZZ had a return on equity of 14.33% and a net margin of 11.83%.The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, sell-side analysts expect that AZZ Inc. will post 6.78 EPS for the current fiscal year.

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, July 9th. This is a positive change from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a yield of 0.7%. AZZ’s dividend payout ratio is currently 12.20%.

Key Stories Impacting AZZ

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: AZZ beat quarterly expectations, posting adjusted EPS of $1.85 and revenue of $448.5 million, both above analyst estimates, with sales up 6.3% year over year. AZZ Inc. Reports Fiscal Year 2027 First Quarter Results
• Positive Sentiment: The company raised FY2027 guidance, now calling for adjusted EPS of $6.75-$7.15 and revenue of $1.8 billion-$1.9 billion, suggesting management expects demand to stay solid. AZZ Shines in Q1 on Metal Coatings Momentum, Boosts Outlook
• Positive Sentiment: Growth in Metal Coatings and Precoat Metals, especially record quarterly sales in both segments, points to healthy end-market demand and operating momentum. AZZ (NYSE:AZZ) surprises with strong Q2 CY2026, stock soars
• Neutral Sentiment: AZZ’s conference call transcript and follow-up coverage are being closely watched for more detail on margins, cash flow, and the company’s outlook. AZZ Inc. (AZZ) Q1 2027 Earnings Call Transcript
• Negative Sentiment: Reported GAAP net income and EPS were distorted by prior-year AVAIL JV gains, so some headline comparisons are less flattering even though adjusted results improved. AZZ Inc. Reports Fiscal Year 2027 First Quarter Results

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AZZ. B. Riley Financial upped their price target on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “buy (b+)” rating on shares of AZZ in a research note on Wednesday, May 20th. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Robert W. Baird increased 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. Finally, Evercore reissued an “outperform” rating and set a $152.00 price target 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.00.

Get Our Latest Stock Analysis on AZZ

AZZ Company Profile

(Free Report)

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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