Private Client Services LLC Sells 5,449 Shares of AZZ Inc. $AZZ

Private Client Services LLC trimmed its position in AZZ Inc. (NYSE:AZZ) by 67.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,652 shares of the industrial products company’s stock after selling 5,449 shares during the quarter. Private Client Services LLC’s holdings in AZZ were worth $411,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AZZ. Hantz Financial Services Inc. lifted its holdings in shares of 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. bought a new stake in shares of AZZ in the second quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new position in shares of AZZ in the fourth quarter valued at about $38,000. Clearstead Advisors LLC grew its stake in shares of AZZ by 184.3% in the fourth quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 234 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in AZZ by 55.9% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 137 shares during the period. Institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

AZZ has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. Robert W. Baird boosted their price target on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Evercore reissued an “outperform” rating and set a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Wells Fargo & Company lifted their price objective on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Finally, Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a report 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 an average rating of “Moderate Buy” and a consensus price target of $155.25.

AZZ Stock Up 2.3%

NYSE AZZ opened at $152.65 on Wednesday. The business has a fifty day moving average price of $147.73 and a two-hundred day moving average price of $137.87. The stock has a market capitalization of $4.59 billion, a PE ratio of 23.27 and a beta of 1.12. 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.

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

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. This is a positive change from AZZ’s previous quarterly dividend of $0.20. AZZ’s payout ratio is currently 14.63%.

About AZZ

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.