Riverwater Partners LLC Has $2.09 Million Position in AZZ Inc. $AZZ

Riverwater Partners LLC grew its holdings in AZZ Inc. (NYSE:AZZ) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,460 shares of the industrial products company’s stock after purchasing an additional 3,622 shares during the quarter. Riverwater Partners LLC’s holdings in AZZ were worth $2,086,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AZZ. Copeland Capital Management LLC grew its position in shares of AZZ by 222.5% in the fourth quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock valued at $49,961,000 after purchasing an additional 321,611 shares during the last quarter. SG Capital Management LLC grew its position in shares of AZZ by 111.3% in the third quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock valued at $41,037,000 after purchasing an additional 198,036 shares during the last quarter. Aberdeen Group plc acquired a new stake in shares of AZZ in the fourth quarter valued at about $18,429,000. Capital International Investors grew its position in shares of AZZ by 8.7% in the third quarter. Capital International Investors now owns 1,961,247 shares of the industrial products company’s stock valued at $214,031,000 after purchasing an additional 157,529 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of AZZ by 103.5% in the third quarter. Invesco Ltd. now owns 276,990 shares of the industrial products company’s stock valued at $30,228,000 after purchasing an additional 140,877 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

AZZ Stock Up 7.2%

AZZ stock opened at $150.32 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $138.91 and its 200 day simple moving average is $126.94. The company has a market cap of $4.51 billion, a PE ratio of 14.32 and a beta of 1.13. AZZ Inc. has a twelve month low of $86.67 and a twelve month high of $151.67.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. The company had revenue of $385.10 million for 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 company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. On average, research analysts anticipate that AZZ Inc. will post 6.78 earnings per share for the current year.

AZZ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 23rd were issued 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 of this dividend was Thursday, April 23rd. AZZ’s payout ratio is presently 7.62%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AZZ. B. Riley Financial lifted their target price on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Evercore reissued an “outperform” rating and set a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Noble Financial reissued an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Robert W. Baird lifted their target price on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company downgraded AZZ from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $127.00 to $132.00 in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.