Private Client Services LLC Sells 5,449 Shares of AZZ Inc. $AZZ

Private Client Services LLC decreased its position in AZZ Inc. (NYSE:AZZ) by 67.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,652 shares of the industrial products company’s stock after selling 5,449 shares during the quarter. Private Client Services LLC’s holdings in AZZ were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AZZ. Hantz Financial Services Inc. grew its holdings in shares of AZZ by 92.5% during the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after buying an additional 124 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in AZZ in the 2nd quarter valued at approximately $30,000. Kestra Advisory Services LLC acquired a new position in AZZ during the 4th quarter worth approximately $38,000. Clearstead Advisors LLC boosted its position in AZZ by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 234 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of AZZ by 55.9% during the 4th quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 137 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AZZ. Wells Fargo & Company boosted their price objective on shares of AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. B. Riley Financial raised their target price on shares of AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Weiss Ratings lowered shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. Wall Street Zen cut shares of AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Robert W. Baird increased their price objective on shares of AZZ from $125.00 to $155.00 and gave the stock 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 company. According to data from MarketBeat.com, AZZ has an average rating of “Moderate Buy” and an average target price of $155.25.

AZZ Trading Up 2.3%

AZZ stock opened at $152.65 on Wednesday. AZZ Inc. has a one year low of $92.98 and a one year high of $162.20. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 23.27 and a beta of 1.12. The company has a fifty day moving average price of $147.73 and a two-hundred day moving average price of $137.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.05. The company had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Equities analysts anticipate that AZZ Inc. will post 6.93 EPS for the current year.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.96 annualized dividend and a yield of 0.6%. This is an increase from AZZ’s previous quarterly dividend of $0.20. AZZ’s payout ratio is currently 14.63%.

About AZZ

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.