Ritholtz Wealth Management Purchases 13,326 Shares of AZZ Inc. $AZZ

Ritholtz Wealth Management increased its holdings in AZZ Inc. (NYSE:AZZ) by 130.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,507 shares of the industrial products company’s stock after buying an additional 13,326 shares during the period. Ritholtz Wealth Management owned 0.08% of AZZ worth $2,941,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in 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. purchased a new stake in shares of AZZ in the 2nd quarter valued at about $30,000. Kestra Advisory Services LLC bought a new stake in shares of AZZ during the 4th quarter valued at about $38,000. Clearstead Advisors LLC grew 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 worth $39,000 after purchasing an additional 234 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of AZZ by 55.9% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Performance

NYSE:AZZ opened at $156.93 on Friday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.95 and a beta of 1.13. The business has a 50 day moving average of $143.89 and a 200 day moving average of $130.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21. AZZ Inc. has a 1-year low of $92.89 and a 1-year high of $162.20.

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

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.6%. 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 7.62%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AZZ shares. B. Riley Financial lifted 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 shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Evercore restated an “outperform” rating and set a $152.00 price objective on shares of AZZ in a research report on Monday, April 27th. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $152.00.

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.