Oliver Luxxe Assets LLC Cuts Holdings in AZZ Inc. $AZZ

Oliver Luxxe Assets LLC decreased its holdings in AZZ Inc. (NYSE:AZZ) by 46.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,702 shares of the industrial products company’s stock after selling 8,434 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in AZZ were worth $1,504,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in AZZ by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock valued at $359,843,000 after acquiring an additional 80,099 shares in the last quarter. Capital International Investors raised its position in shares of AZZ by 2.5% in the 4th quarter. Capital International Investors now owns 2,009,812 shares of the industrial products company’s stock worth $215,412,000 after acquiring an additional 48,565 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of AZZ by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,783,663 shares of the industrial products company’s stock worth $191,174,000 after purchasing an additional 15,744 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AZZ by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,182,140 shares of the industrial products company’s stock worth $126,706,000 after purchasing an additional 49,509 shares during the last quarter. Finally, Morgan Stanley boosted its position in AZZ by 7.1% during the fourth quarter. Morgan Stanley now owns 771,358 shares of the industrial products company’s stock valued at $82,674,000 after purchasing an additional 51,463 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AZZ shares. Robert W. Baird lifted their target price on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Evercore reissued an “outperform” rating and set a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Wells Fargo & Company raised their price target on shares of AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Weiss Ratings downgraded shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AZZ has a consensus rating of “Moderate Buy” and an average price target of $155.25.

AZZ Price Performance

Shares of NYSE AZZ opened at $151.29 on Monday. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The company has a market cap of $4.55 billion, a PE ratio of 23.06 and a beta of 1.12. 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 business has a 50-day simple moving average of $148.50 and a two-hundred day simple moving average of $138.47.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.05. The firm had revenue of $448.53 million for the quarter, compared to the consensus estimate of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities analysts expect that AZZ Inc. will post 6.93 EPS for the current fiscal year.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, July 9th. This is a positive change from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio (DPR) is currently 14.63%.

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.