AZZ Inc. $AZZ Position Increased by Riverwater Partners LLC

Riverwater Partners LLC increased its position in shares of AZZ Inc. (NYSE:AZZ) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,460 shares of the industrial products company’s stock after acquiring an additional 3,622 shares during the period. Riverwater Partners LLC owned about 0.07% of AZZ worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of AZZ by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock worth $359,843,000 after acquiring an additional 80,099 shares in the last quarter. Capital International Investors raised its holdings in shares of AZZ by 2.5% during the fourth quarter. Capital International Investors now owns 2,009,812 shares of the industrial products company’s stock worth $215,412,000 after acquiring an additional 48,565 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of AZZ by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 712,405 shares of the industrial products company’s stock worth $76,369,000 after acquiring an additional 2,145 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of AZZ by 222.5% during the fourth quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock worth $49,961,000 after acquiring an additional 321,611 shares in the last quarter. Finally, SG Capital Management LLC raised its holdings in shares of AZZ by 111.3% during the third quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock worth $41,037,000 after acquiring an additional 198,036 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AZZ shares. B. Riley Financial increased their price objective on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Robert W. Baird raised their target price on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Noble Financial restated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.00.

AZZ Price Performance

NYSE AZZ opened at $150.32 on Friday. AZZ Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $151.67. The stock’s 50-day moving average is $138.91 and its two-hundred day moving average is $126.94. 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 firm has a market cap of $4.51 billion, a P/E ratio of 14.32 and a beta of 1.13.

AZZ (NYSE:AZZ) last posted its earnings results 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. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The company had revenue of $385.10 million for the quarter, compared to analyst estimates of $382.24 million. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. On average, analysts anticipate that AZZ Inc. will post 6.78 earnings per share for the current fiscal year.

AZZ Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s dividend payout ratio (DPR) is currently 7.62%.

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.