Copeland Capital Management LLC Has $57.33 Million Holdings in AZZ Inc. $AZZ

Copeland Capital Management LLC lessened its position in shares of AZZ Inc. (NYSE:AZZ) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,144 shares of the industrial products company’s stock after selling 7,996 shares during the period. AZZ comprises 1.3% of Copeland Capital Management LLC’s holdings, making the stock its 27th largest position. Copeland Capital Management LLC’s holdings in AZZ were worth $57,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. raised 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 buying an additional 124 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in AZZ during the 2nd quarter worth approximately $30,000. Kestra Advisory Services LLC acquired a new stake in shares of AZZ in the fourth quarter valued at approximately $38,000. Clearstead Advisors LLC lifted its position 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 worth $39,000 after purchasing an additional 234 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position 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 worth $41,000 after purchasing an additional 137 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AZZ shares. Evercore reaffirmed an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Robert W. Baird raised 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. Wall Street Zen downgraded AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Wells Fargo & Company raised their price target on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Finally, Weiss Ratings lowered AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

AZZ Trading Down 2.7%

AZZ stock opened at $147.08 on Friday. AZZ Inc. has a 52 week low of $92.98 and a 52 week high of $162.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. The stock has a market capitalization of $4.42 billion, a P/E ratio of 22.42 and a beta of 1.11. The stock has a 50-day simple moving average of $146.08 and a 200 day simple moving average of $134.79.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.05. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The company had revenue of $448.53 million during the quarter, compared to analysts’ expectations of $434.58 million. During the same period last year, the firm posted $1.78 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Analysts expect that AZZ Inc. will post 6.94 earnings per share for the current year.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.7%. This is a positive change from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is presently 14.63%.

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.