SG Americas Securities LLC Has $2.07 Million Stock Holdings in AZZ Inc. $AZZ

SG Americas Securities LLC increased its holdings in shares of AZZ Inc. (NYSE:AZZ) by 78.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,561 shares of the industrial products company’s stock after purchasing an additional 7,286 shares during the quarter. SG Americas Securities LLC’s holdings in AZZ were worth $2,072,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AZZ. Copeland Capital Management LLC lifted its stake 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 acquiring an additional 321,611 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of AZZ by 861.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock worth $33,814,000 after purchasing an additional 282,676 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of AZZ by 93.2% during the fourth quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock worth $58,873,000 after purchasing an additional 264,956 shares during the period. Aberdeen Group plc purchased a new position in AZZ during the fourth quarter valued at approximately $18,429,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in AZZ by 131.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 299,147 shares of the industrial products company’s stock valued at $32,063,000 after buying an additional 169,772 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

AZZ Trading Down 3.1%

Shares of NYSE:AZZ opened at $150.23 on Thursday. The stock has a market capitalization of $4.51 billion, a PE ratio of 14.31 and a beta of 1.11. AZZ Inc. has a 1 year low of $92.98 and a 1 year high of $162.20. The firm has a fifty day moving average price of $144.87 and a 200 day moving average price of $131.72. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

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. Analysts expect that AZZ Inc. will post 6.78 EPS for the current fiscal year.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. This is a positive change from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio (DPR) is 7.62%.

Analysts Set New Price Targets

A number of research firms have issued reports on AZZ. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Robert W. Baird lifted their price target on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, B. Riley Financial boosted their price target on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.00.

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.