Capital International Investors Buys 48,565 Shares of AZZ Inc. $AZZ

Capital International Investors lifted its holdings in shares of AZZ Inc. (NYSE:AZZ) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,009,812 shares of the industrial products company’s stock after acquiring an additional 48,565 shares during the period. Capital International Investors owned about 0.07% of AZZ worth $215,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AZZ. Vanguard Group Inc. lifted its position in AZZ by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock worth $359,843,000 after buying an additional 80,099 shares during the last quarter. Geode Capital Management LLC lifted its position in AZZ by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 712,405 shares of the industrial products company’s stock worth $76,369,000 after buying an additional 2,145 shares during the last quarter. Copeland Capital Management LLC lifted its position 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 worth $49,961,000 after buying an additional 321,611 shares during the last quarter. SG Capital Management LLC lifted its position in AZZ by 111.3% in the 3rd quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock worth $41,037,000 after buying an additional 198,036 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in AZZ by 19.9% in the 3rd quarter. Bank of America Corp DE now owns 344,929 shares of the industrial products company’s stock worth $37,642,000 after buying an additional 57,334 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AZZ shares. Evercore restated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Wells Fargo & Company cut AZZ from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $127.00 to $132.00 in a research note on Monday, March 2nd. B. Riley Financial lifted their price target on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Robert W. Baird lifted their price target on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.00.

AZZ Price Performance

Shares of AZZ stock opened at $137.86 on Tuesday. 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’s 50 day simple moving average is $137.60 and its two-hundred day simple moving average is $126.00. The stock has a market capitalization of $4.14 billion, a P/E ratio of 13.13 and a beta of 1.13. AZZ Inc. has a one year low of $86.67 and a one year high of $151.67.

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

AZZ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, April 23rd. AZZ’s dividend payout ratio (DPR) is currently 7.62%.

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.