Hillsdale Investment Management Inc. Sells 19,600 Shares of AZZ Inc. $AZZ

Hillsdale Investment Management Inc. lowered its position in AZZ Inc. (NYSE:AZZ) by 30.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,800 shares of the industrial products company’s stock after selling 19,600 shares during the period. Hillsdale Investment Management Inc. owned 0.15% of AZZ worth $4,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AZZ. Royal Bank of Canada boosted its holdings in AZZ by 8.8% in the first quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock worth $1,055,000 after acquiring an additional 1,024 shares in the last quarter. AQR Capital Management LLC boosted its holdings in AZZ by 26.2% in the first quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 1,290 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in AZZ by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock worth $1,462,000 after acquiring an additional 771 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AZZ by 21.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company’s stock worth $7,030,000 after acquiring an additional 14,965 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in AZZ by 185.9% in the first quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 33,238 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

AZZ Price Performance

AZZ stock opened at $135.27 on Friday. AZZ Inc. has a one year low of $86.67 and a one year high of $151.67. The business has a fifty day moving average price of $135.96 and a 200-day moving average price of $124.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21. The firm has a market capitalization of $4.06 billion, a P/E ratio of 12.88 and a beta of 1.17.

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

AZZ Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on AZZ shares. B. Riley Financial increased their price objective on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Robert W. Baird increased their price objective on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Noble Financial reissued an “outperform” rating on shares of AZZ in a research note on Tuesday, February 17th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average 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.