Versor Investments LP Takes Position in AZZ Inc. $AZZ

Versor Investments LP acquired a new stake in AZZ Inc. (NYSE:AZZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,403 shares of the industrial products company’s stock, valued at approximately $686,000.

Other hedge funds have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new stake in AZZ during the 2nd quarter worth approximately $30,000. Fifth Third Bancorp lifted its holdings in AZZ by 55.9% during the 4th 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. Assetmark Inc. acquired a new stake in AZZ during the 3rd quarter worth approximately $46,000. Huntington National Bank lifted its holdings in AZZ by 56.8% during the 3rd quarter. Huntington National Bank now owns 428 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 155 shares during the last quarter. Finally, Quarry LP lifted its holdings in AZZ by 219.9% during the 3rd quarter. Quarry LP now owns 435 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 299 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AZZ has been the subject of several research reports. B. Riley Financial lifted their price target on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Noble Financial reissued an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Robert W. Baird lifted their price target on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Evercore reissued an “outperform” rating and set a $152.00 price target on shares of AZZ in a report on Monday, April 27th. Finally, Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.80.

AZZ Price Performance

Shares of NYSE AZZ opened at $144.15 on Thursday. The stock has a market capitalization of $4.31 billion, a PE ratio of 13.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21. The business has a fifty day moving average price of $132.71 and a two-hundred day moving average price of $121.10. AZZ Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $151.67.

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

AZZ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $0.80 annualized dividend and a yield of 0.6%. AZZ’s payout ratio is presently 7.62%.

AZZ declared that its Board of Directors has initiated a share repurchase plan on Friday, January 30th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.