AZZ Inc. $AZZ Shares Sold by UBS Group AG

UBS Group AG lessened its stake in shares of AZZ Inc. (NYSE:AZZ) by 27.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,721 shares of the industrial products company’s stock after selling 15,011 shares during the period. UBS Group AG owned 0.13% of AZZ worth $4,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Osterweis Capital Management Inc. purchased a new position in shares of AZZ during the 2nd quarter worth $30,000. Assetmark Inc. purchased a new position in shares of AZZ during the 3rd quarter worth $46,000. Huntington National Bank raised its holdings in shares of AZZ by 56.8% during the 3rd quarter. Huntington National Bank now owns 428 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 155 shares during the period. Quarry LP raised its holdings in shares of AZZ by 219.9% during the 3rd quarter. Quarry LP now owns 435 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 299 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of AZZ by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 131 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AZZ. Noble Financial reiterated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Robert W. Baird lifted their price target on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a report on Wednesday. Finally, Wells Fargo & Company lowered AZZ from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $127.00 to $132.00 in a report on Monday, March 2nd. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.80.

AZZ Stock Up 0.6%

Shares of AZZ opened at $137.85 on Friday. The firm has a market cap of $4.12 billion, a P/E ratio of 13.13 and a beta of 1.17. AZZ Inc. has a 12-month low of $86.67 and a 12-month high of $151.67. The company’s 50-day moving average price is $134.33 and its 200 day moving average price is $122.90. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.15. The firm had revenue of $385.10 million for the quarter, compared to analyst estimates of $382.24 million. AZZ had a net margin of 19.23% and a return on equity of 14.47%. AZZ’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. On average, sell-side analysts forecast that AZZ Inc. will post 6.78 earnings per share for the current year.

AZZ Dividend Announcement

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

AZZ declared that its board has authorized a stock repurchase plan on Friday, January 30th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.