Ritholtz Wealth Management Buys 13,326 Shares of AZZ Inc. $AZZ

Ritholtz Wealth Management boosted its stake in shares of AZZ Inc. (NYSE:AZZ) by 130.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,507 shares of the industrial products company’s stock after acquiring an additional 13,326 shares during the quarter. Ritholtz Wealth Management’s holdings in AZZ were worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in AZZ by 92.5% in the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 124 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of AZZ during the second quarter valued at approximately $30,000. Kestra Advisory Services LLC bought a new position in shares of AZZ in the fourth quarter worth approximately $38,000. Clearstead Advisors LLC grew its holdings 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 during the last quarter. Finally, Fifth Third Bancorp increased 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 worth $41,000 after buying an additional 137 shares during the period. 90.93% of the stock is currently owned by institutional investors.

AZZ Stock Performance

Shares of AZZ stock opened at $156.93 on Friday. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.95 and a beta of 1.13. The stock has a fifty day moving average of $143.89 and a 200 day moving average of $130.60. AZZ Inc. has a 52 week low of $92.89 and a 52 week high of $162.20. The company has a quick ratio of 1.21, a current ratio of 1.70 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 analysts’ consensus estimates of $1.19 by $0.15. AZZ had a net margin of 19.23% and a return on equity of 14.47%. The business had revenue of $385.10 million for the quarter, compared to the consensus estimate of $382.24 million. During the same period in the previous year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. As a group, research analysts expect that AZZ Inc. will post 6.78 earnings per share for the current year.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be given a dividend of $0.24 per share. This is an increase from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 9th. AZZ’s dividend payout ratio is presently 7.62%.

Analyst Ratings Changes

Several equities research analysts have weighed in on AZZ shares. Wells Fargo & Company cut shares of AZZ from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $127.00 to $132.00 in a research report on Monday, March 2nd. B. Riley Financial boosted their price objective on shares of AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of AZZ in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Evercore restated an “outperform” rating and set a $152.00 price target on shares of AZZ in a report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.00.

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.