California State Teachers Retirement System Has $4.02 Million Holdings in AZZ Inc. $AZZ

California State Teachers Retirement System grew its position in shares of AZZ Inc. (NYSE:AZZ) by 19.1% in the 1st quarter, Holdings Channel reports. The firm owned 32,149 shares of the industrial products company’s stock after acquiring an additional 5,155 shares during the quarter. California State Teachers Retirement System’s holdings in AZZ were worth $4,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AZZ. Hantz Financial Services Inc. boosted its stake in shares of 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 purchasing an additional 124 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in AZZ during the second quarter valued at $30,000. Kestra Advisory Services LLC bought a new stake in AZZ during the fourth quarter valued at $38,000. Clearstead Advisors LLC grew its holdings in AZZ by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 234 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of AZZ by 55.9% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Price Performance

AZZ stock opened at $151.29 on Friday. The stock has a market capitalization of $4.55 billion, a PE ratio of 23.06 and a beta of 1.12. The company’s 50-day moving average is $148.50 and its 200-day moving average is $138.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. AZZ Inc. has a 1 year low of $92.98 and a 1 year high of $162.20.

AZZ (NYSE:AZZ) last issued its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 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 business had revenue of $448.53 million during the quarter, compared to analyst estimates of $434.58 million. During the same period in the previous year, the company posted $1.78 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Equities research analysts expect that AZZ Inc. will post 6.93 EPS for the current fiscal year.

AZZ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were issued a $0.24 dividend. The ex-dividend date was Thursday, July 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio (DPR) is 14.63%.

Wall Street Analysts Forecast Growth

AZZ has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Robert W. Baird boosted their price target on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. B. Riley Financial raised their price objective on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Evercore reiterated an “outperform” rating and issued a $152.00 price objective on shares of AZZ in a research note on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.25.

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.