Intech Investment Management LLC Sells 9,781 Shares of AZZ Inc. $AZZ

Intech Investment Management LLC lowered its position in AZZ Inc. (NYSE:AZZ) by 45.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,893 shares of the industrial products company’s stock after selling 9,781 shares during the period. Intech Investment Management LLC’s holdings in AZZ were worth $1,275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AZZ. Hantz Financial Services Inc. raised its stake in shares of AZZ by 92.5% in 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 last quarter. Osterweis Capital Management Inc. bought a new position in shares of AZZ in the second quarter valued at approximately $30,000. Clearstead Advisors LLC raised its stake in shares of AZZ by 184.3% in the fourth quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 234 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of AZZ by 55.9% in 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 last quarter. Finally, Assetmark Inc. bought a new position in shares of AZZ in the third quarter valued at approximately $46,000. Institutional investors own 90.93% of the company’s stock.

AZZ Trading Down 0.5%

AZZ stock opened at $137.76 on Friday. The company has a market cap of $4.14 billion, a P/E ratio of 13.12 and a beta of 1.13. AZZ Inc. has a twelve month low of $86.67 and a twelve month high of $151.67. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $137.31 and a 200-day moving average of $125.53.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.15. The company had revenue of $385.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. As a group, equities research analysts expect that AZZ Inc. will post 6.78 EPS for the current year.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 23rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s payout ratio is currently 7.62%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AZZ. Weiss Ratings reissued a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and set a $152.00 price objective on shares of AZZ in a report on Monday, April 27th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Robert W. Baird boosted their target price on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company downgraded AZZ from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $127.00 to $132.00 in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, AZZ has an average rating of “Moderate Buy” and an average target price of $141.80.

AZZ 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.