Hsbc Holdings PLC Acquires 6,265 Shares of AZZ Inc. $AZZ

Hsbc Holdings PLC lifted its holdings in shares of AZZ Inc. (NYSE:AZZ) by 214.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,184 shares of the industrial products company’s stock after purchasing an additional 6,265 shares during the quarter. Hsbc Holdings PLC’s holdings in AZZ were worth $994,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AZZ. Hantz Financial Services Inc. raised its stake 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 purchasing an additional 124 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in AZZ in the 2nd quarter worth approximately $30,000. Kestra Advisory Services LLC bought a new position in shares of AZZ in the 4th quarter worth $38,000. Clearstead Advisors LLC increased its holdings in shares of AZZ by 184.3% in the 4th 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 raised its position 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 valued at $41,000 after buying an additional 137 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AZZ. B. Riley Financial lifted their price objective on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company increased their target price on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday. Evercore restated an “outperform” rating and set a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Weiss Ratings lowered AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Finally, Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a report on Sunday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.25.

AZZ Stock Performance

NYSE AZZ opened at $146.43 on Tuesday. The company has a 50-day simple moving average of $145.76 and a two-hundred day simple moving average of $133.87. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. AZZ Inc. has a 12-month low of $92.98 and a 12-month high of $162.20. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 22.32 and a beta of 1.11.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.80 by $0.05. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The firm had revenue of $448.53 million for the quarter, compared to the consensus estimate of $434.58 million. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, equities analysts forecast that AZZ Inc. will post 6.85 EPS for the current year.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be paid a $0.24 dividend. This is an increase 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 dividend on an annualized basis and a yield of 0.7%. AZZ’s payout ratio is presently 14.63%.

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.