Kennedy Capital Management LLC Boosts Stock Position in AZZ Inc. $AZZ

Kennedy Capital Management LLC boosted its holdings in shares of AZZ Inc. (NYSE:AZZ) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 240,271 shares of the industrial products company’s stock after purchasing an additional 29,055 shares during the quarter. AZZ makes up approximately 0.5% of Kennedy Capital Management LLC’s holdings, making the stock its 26th largest holding. Kennedy Capital Management LLC’s holdings in AZZ were worth $25,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC purchased a new stake in AZZ during the 4th quarter worth approximately $2,120,000. Capital International Investors increased its holdings in AZZ by 8.7% during the 3rd quarter. Capital International Investors now owns 1,961,247 shares of the industrial products company’s stock worth $214,031,000 after purchasing an additional 157,529 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in AZZ by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 163,954 shares of the industrial products company’s stock worth $17,892,000 after purchasing an additional 11,405 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in AZZ during the 3rd quarter worth approximately $2,127,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in AZZ during the 3rd quarter worth approximately $7,028,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AZZ has been the topic of several analyst reports. Evercore restated an “outperform” rating and set a $152.00 price objective on shares of AZZ in a report on Monday, April 27th. Robert W. Baird boosted 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. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Wells Fargo & Company downgraded AZZ from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $127.00 to $132.00 in a report on Monday, March 2nd. Finally, Noble Financial reiterated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, AZZ presently has an average rating of “Moderate Buy” and a consensus price target of $152.00.

AZZ Price Performance

Shares of NYSE AZZ opened at $151.20 on Friday. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 14.40 and a beta of 1.13. The business has a 50 day simple moving average of $139.41 and a 200-day simple moving average of $127.11. 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 Inc. has a twelve month low of $86.67 and a twelve month high of $154.11.

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

AZZ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 23rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, April 23rd. AZZ’s dividend payout ratio is presently 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.