4,468 Shares in AZZ Inc. $AZZ Bought by Royce & Associates LP

Royce & Associates LP bought a new position in AZZ Inc. (NYSE:AZZ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,468 shares of the industrial products company’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oliver Luxxe Assets LLC lifted its holdings in shares of AZZ by 0.5% during 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 acquiring an additional 96 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of AZZ by 1.5% during 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 acquiring an additional 100 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of AZZ by 92.5% during the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 124 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of AZZ by 40.1% during the third quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 131 shares during the period. Finally, Fifth Third Bancorp lifted 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 acquiring an additional 137 shares during the period. 90.93% of the stock is owned by institutional investors.

AZZ Stock Performance

Shares of NYSE:AZZ opened at $135.27 on Monday. AZZ Inc. has a twelve month low of $86.67 and a twelve month high of $151.67. The firm has a market cap of $4.06 billion, a PE ratio of 12.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70. The business has a fifty day moving average of $135.96 and a 200-day moving average of $124.40.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. The company had revenue of $385.10 million during the quarter, compared to analyst estimates of $382.24 million. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period 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 predict that AZZ Inc. will post 6.78 EPS for the current fiscal year.

AZZ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, April 23rd. AZZ’s dividend payout ratio (DPR) is presently 7.62%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AZZ. Robert W. Baird lifted their price objective on AZZ from $125.00 to $155.00 and gave the company 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 lifted their price objective on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Evercore reissued an “outperform” rating and set a $152.00 price objective on shares of AZZ in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.80.

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.