AZZ Inc. $AZZ Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in AZZ Inc. (NYSE:AZZ) by 78.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,561 shares of the industrial products company’s stock after acquiring an additional 7,286 shares during the period. SG Americas Securities LLC owned 0.06% of AZZ worth $2,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AZZ. Copeland Capital Management LLC increased its position in AZZ by 222.5% in the fourth quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock worth $49,961,000 after buying an additional 321,611 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in AZZ by 861.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock valued at $33,814,000 after purchasing an additional 282,676 shares during the period. Wellington Management Group LLP boosted its stake in AZZ by 93.2% during the 4th quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after purchasing an additional 264,956 shares during the period. Aberdeen Group plc bought a new position in AZZ in the 4th quarter worth about $18,429,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of AZZ by 131.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 299,147 shares of the industrial products company’s stock valued at $32,063,000 after purchasing an additional 169,772 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

AZZ Stock Down 3.1%

AZZ stock opened at $150.23 on Thursday. AZZ Inc. has a 12 month low of $92.98 and a 12 month high of $162.20. The firm has a 50 day simple moving average of $144.87 and a 200 day simple moving average of $131.72. The firm has a market cap of $4.51 billion, a PE ratio of 14.31 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21.

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

AZZ Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. B. Riley Financial lifted their target price on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Robert W. Baird increased their price target on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and set a $152.00 price target on shares of AZZ in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.