AZZ Inc. $AZZ Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in AZZ Inc. (NYSE:AZZ) by 50.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,027 shares of the industrial products company’s stock after acquiring an additional 34,241 shares during the quarter. Sei Investments Co.’s holdings in AZZ were worth $12,768,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Lido Advisors LLC increased its position in AZZ by 30.6% during the 1st quarter. Lido Advisors LLC now owns 3,438 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 805 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of AZZ by 28.7% during the 1st quarter. First Trust Advisors LP now owns 65,002 shares of the industrial products company’s stock worth $8,134,000 after purchasing an additional 14,486 shares during the last quarter. Convergence Investment Partners LLC boosted its stake in shares of AZZ by 18.8% during the 1st quarter. Convergence Investment Partners LLC now owns 16,176 shares of the industrial products company’s stock worth $2,024,000 after purchasing an additional 2,563 shares during the last quarter. SEB Asset Management AB purchased a new stake in shares of AZZ during the first quarter worth about $45,297,000. Finally, Assetmark Inc. grew its holdings in shares of AZZ by 8,397.4% during the first quarter. Assetmark Inc. now owns 39,003 shares of the industrial products company’s stock worth $4,880,000 after buying an additional 38,544 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AZZ. B. Riley Financial boosted their price objective on shares of AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Robert W. Baird lifted their target price on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Evercore reiterated an “outperform” rating and issued a $152.00 price target on shares of AZZ in a report on Monday, April 27th. Wells Fargo & Company increased their price target on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Finally, Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.25.

AZZ Stock Down 0.0%

AZZ opened at $144.96 on Friday. AZZ Inc. has a 12 month low of $92.98 and a 12 month high of $162.20. The business has a 50-day moving average of $147.30 and a two-hundred day moving average of $137.34. 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 stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 22.10 and a beta of 1.11.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.05. The business had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, research analysts expect that AZZ Inc. will post 6.94 earnings per share for the current year.

AZZ Increases Dividend

The business also recently declared 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. This represents a $0.96 annualized dividend and a yield of 0.7%. This is a positive change from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is currently 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.