Capital International Investors Acquires 48,565 Shares of AZZ Inc. $AZZ

Capital International Investors raised its holdings in AZZ Inc. (NYSE:AZZ) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,009,812 shares of the industrial products company’s stock after buying an additional 48,565 shares during the period. Capital International Investors owned about 6.73% of AZZ worth $215,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of AZZ by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock valued at $359,843,000 after buying an additional 80,099 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of AZZ by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 712,405 shares of the industrial products company’s stock valued at $76,369,000 after buying an additional 2,145 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of AZZ by 222.5% in the fourth quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock valued at $49,961,000 after buying an additional 321,611 shares in the last quarter. SG Capital Management LLC lifted its stake in shares of AZZ by 111.3% in the third quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock valued at $41,037,000 after buying an additional 198,036 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of AZZ by 19.9% in the third quarter. Bank of America Corp DE now owns 344,929 shares of the industrial products company’s stock valued at $37,642,000 after purchasing an additional 57,334 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Noble Financial reiterated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Evercore reiterated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a report on Monday, April 27th. Robert W. Baird increased their target price on shares of AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.00.

AZZ Price Performance

AZZ opened at $137.86 on Tuesday. The firm has a market cap of $4.14 billion, a P/E ratio of 13.13 and a beta of 1.13. The firm has a 50-day moving average of $137.60 and a 200 day moving average of $126.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70. AZZ Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $151.67.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 EPS for the quarter, beating 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%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. On average, research analysts expect that AZZ Inc. will post 6.78 EPS for the current year.

AZZ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 23rd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, April 23rd. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. AZZ’s dividend payout ratio is currently 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.