California State Teachers Retirement System Has $4.02 Million Position in AZZ Inc. $AZZ

California State Teachers Retirement System boosted its stake in shares of AZZ Inc. (NYSE:AZZ) by 19.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,149 shares of the industrial products company’s stock after acquiring an additional 5,155 shares during the period. California State Teachers Retirement System owned 0.11% of AZZ worth $4,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZZ. SEB Asset Management AB bought a new position in shares of AZZ in the first quarter worth $45,297,000. Copeland Capital Management LLC increased its holdings in AZZ by 222.5% in the 4th quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock valued at $49,961,000 after buying an additional 321,611 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in AZZ by 861.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock valued at $33,814,000 after buying an additional 282,676 shares during the period. Wellington Management Group LLP raised its position in shares of AZZ by 93.2% in the 4th quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after buying an additional 264,956 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of AZZ by 131.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 299,147 shares of the industrial products company’s stock valued at $32,063,000 after buying an additional 169,772 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. B. Riley Financial increased their price target on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wall Street Zen downgraded shares of AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Evercore restated an “outperform” rating and set a $152.00 target price on shares of AZZ in a research note on Monday, April 27th. Weiss Ratings downgraded AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company lifted their price target on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

AZZ Trading Up 0.3%

AZZ opened at $151.29 on Friday. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 23.06 and a beta of 1.12. The company’s 50 day moving average price is $148.50 and its two-hundred day moving average price is $138.37.

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

AZZ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were given a dividend of $0.24 per share. 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 dividend payout ratio is 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.