Delphi Management Inc. MA Lowers Stock Holdings in AZZ Inc. $AZZ

Delphi Management Inc. MA lowered its position in AZZ Inc. (NYSE:AZZ) by 27.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,918 shares of the industrial products company’s stock after selling 3,831 shares during the period. AZZ comprises approximately 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 17th largest position. Delphi Management Inc. MA’s holdings in AZZ were worth $1,241,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AZZ. Banque Cantonale Vaudoise purchased a new position in shares of AZZ in the first quarter valued at about $201,000. SG Americas Securities LLC grew its position in shares of AZZ by 78.6% during the first quarter. SG Americas Securities LLC now owns 16,561 shares of the industrial products company’s stock worth $2,072,000 after purchasing an additional 7,286 shares in the last quarter. Balboa Wealth Partners bought a new stake in AZZ during the 1st quarter valued at approximately $278,000. Pullen Investment Management LLC raised its stake in AZZ by 1.7% during the 1st quarter. Pullen Investment Management LLC now owns 23,284 shares of the industrial products company’s stock valued at $2,914,000 after purchasing an additional 397 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in AZZ by 214.6% in the 4th quarter. Hsbc Holdings PLC now owns 9,184 shares of the industrial products company’s stock worth $994,000 after purchasing an additional 6,265 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AZZ Trading Up 0.3%

Shares of AZZ stock opened at $153.04 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 14.58 and a beta of 1.13. AZZ Inc. has a 12-month low of $90.21 and a 12-month high of $160.42. The stock’s 50-day moving average price is $142.99 and its 200-day moving average price is $130.02.

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

AZZ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 23rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s dividend payout ratio is 7.62%.

AZZ Company 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.