Private Client Services LLC Purchases Shares of 8,481 AZZ Inc. $AZZ

Private Client Services LLC acquired a new position in AZZ Inc. (NYSE:AZZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,481 shares of the industrial products company’s stock, valued at approximately $926,000.

Several other hedge funds also recently modified their holdings of AZZ. Huntington National Bank lifted its position in shares of AZZ by 206.7% during the second quarter. Huntington National Bank now owns 273 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in AZZ in the 2nd quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of AZZ during the 2nd quarter worth approximately $34,000. GAMMA Investing LLC boosted its stake in shares of AZZ by 39.6% in the 2nd quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after buying an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of AZZ by 1,145.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock worth $88,000 after buying an additional 859 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Stock Performance

AZZ stock opened at $107.57 on Monday. AZZ Inc. has a fifty-two week low of $70.90 and a fifty-two week high of $119.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.73. The stock has a market cap of $3.23 billion, a P/E ratio of 10.34 and a beta of 1.13. The firm’s fifty day moving average price is $102.56 and its 200-day moving average price is $105.15.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $0.56 earnings per share for the quarter. AZZ had a net margin of 19.69% and a return on equity of 15.01%. The firm had revenue of $129.87 million during the quarter. On average, equities research analysts expect that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 16th. AZZ’s dividend payout ratio (DPR) is presently 7.69%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AZZ shares. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. B. Riley raised their price objective on shares of AZZ from $131.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Wells Fargo & Company dropped their target price on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.33.

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.