Granite Investment Partners LLC Has $3.94 Million Stock Position in AZZ Inc. $AZZ

Granite Investment Partners LLC cut its stake in AZZ Inc. (NYSE:AZZ) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,508 shares of the industrial products company’s stock after selling 6,207 shares during the period. Granite Investment Partners LLC owned about 0.11% of AZZ worth $3,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. grew its position in AZZ by 92.5% in the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 124 shares during the period. Osterweis Capital Management Inc. acquired a new position in AZZ during the second quarter worth $30,000. Kestra Advisory Services LLC bought a new position in shares of AZZ during the fourth quarter valued at $38,000. Clearstead Advisors LLC lifted its holdings in shares of 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 acquiring an additional 234 shares during the period. Finally, Fifth Third Bancorp boosted its stake 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 valued at $41,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Key Stories Impacting AZZ

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: AZZ beat quarterly expectations, posting adjusted EPS of $1.85 and revenue of $448.5 million, both above analyst estimates, with sales up 6.3% year over year. AZZ Inc. Reports Fiscal Year 2027 First Quarter Results
• Positive Sentiment: The company raised FY2027 guidance, now calling for adjusted EPS of $6.75-$7.15 and revenue of $1.8 billion-$1.9 billion, suggesting management expects demand to stay solid. AZZ Shines in Q1 on Metal Coatings Momentum, Boosts Outlook
• Positive Sentiment: Growth in Metal Coatings and Precoat Metals, especially record quarterly sales in both segments, points to healthy end-market demand and operating momentum. AZZ (NYSE:AZZ) surprises with strong Q2 CY2026, stock soars
• Neutral Sentiment: AZZ’s conference call transcript and follow-up coverage are being closely watched for more detail on margins, cash flow, and the company’s outlook. AZZ Inc. (AZZ) Q1 2027 Earnings Call Transcript
• Negative Sentiment: Reported GAAP net income and EPS were distorted by prior-year AVAIL JV gains, so some headline comparisons are less flattering even though adjusted results improved. AZZ Inc. Reports Fiscal Year 2027 First Quarter Results

AZZ Stock Down 1.5%

Shares of AZZ opened at $141.42 on Friday. The business’s fifty day moving average price is $145.54 and its two-hundred day moving average price is $133.35. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 21.56 and a beta of 1.11. AZZ Inc. has a 52 week low of $92.98 and a 52 week high of $162.20. 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 (NYSE:AZZ) last issued its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.16. The business had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. AZZ had a return on equity of 14.33% and a net margin of 11.83%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, analysts predict that AZZ Inc. will post 6.78 earnings per share for the current year.

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. This is a boost from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio is currently 12.20%.

Wall Street Analysts Forecast Growth

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