4,468 Shares in AZZ Inc. $AZZ Acquired by Royce & Associates LP

Royce & Associates LP acquired a new position in AZZ Inc. (NYSE:AZZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,468 shares of the industrial products company’s stock, valued at approximately $479,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in AZZ by 92.5% during the fourth 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. acquired a new position in AZZ during the second quarter valued at approximately $30,000. Clearstead Advisors LLC grew its holdings in AZZ by 184.3% during the fourth quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 234 shares during the last quarter. Fifth Third Bancorp grew its holdings in AZZ by 55.9% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 137 shares during the last quarter. Finally, Assetmark Inc. acquired a new position in AZZ during the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Noble Financial reiterated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Wells Fargo & Company downgraded 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 report on Monday, March 2nd. Finally, B. Riley Financial increased their price target on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.80.

AZZ Trading Down 0.2%

Shares of AZZ stock opened at $135.27 on Monday. The company’s fifty day simple moving average is $135.96 and its 200-day simple moving average is $124.40. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 12.88 and a beta of 1.13. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. AZZ Inc. has a 1 year low of $86.67 and a 1 year high of $151.67.

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

AZZ Announces Dividend

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

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.