8,426 Shares in AZZ Inc. $AZZ Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC acquired a new position in shares of AZZ Inc. (NYSE:AZZ) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,426 shares of the industrial products company’s stock, valued at approximately $1,054,000.

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

Wall Street Analysts Forecast Growth

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

AZZ Trading Down 6.8%

Shares of NYSE:AZZ traded down $10.30 during mid-day trading on Tuesday, reaching $142.25. The stock had a trading volume of 30,392 shares, compared to its average volume of 214,188. The firm has a 50 day simple moving average of $145.55 and a two-hundred day simple moving average of $132.61. AZZ Inc. has a twelve month low of $92.98 and a twelve month high of $162.20. The firm has a market cap of $4.27 billion, a PE ratio of 13.55 and a beta of 1.11. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

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

AZZ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be issued a $0.24 dividend. This is a positive change from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.7%. AZZ’s dividend payout ratio (DPR) is presently 7.62%.

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.