Moran Wealth Management LLC Purchases New Position in AZZ Inc. $AZZ

Moran Wealth Management LLC purchased a new stake in AZZ Inc. (NYSE:AZZ) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,426 shares of the industrial products company’s stock, valued at approximately $1,054,000.

Several other hedge funds have also recently bought and sold shares of AZZ. Hantz Financial Services Inc. boosted its stake in shares of AZZ by 92.5% in the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 124 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in AZZ during the 2nd quarter valued at about $30,000. Kestra Advisory Services LLC bought a new position in AZZ during the 4th quarter valued at about $38,000. Clearstead Advisors LLC boosted its position in 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 buying an additional 234 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake 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 buying an additional 137 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. B. Riley Financial increased their price target on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $152.00 price target on shares of AZZ in a report on Monday, April 27th. Finally, Robert W. Baird boosted their price objective on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Four investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $152.00.

AZZ Price Performance

AZZ traded down $10.30 during midday trading on Tuesday, hitting $142.25. The company had a trading volume of 30,392 shares, compared to its average volume of 214,188. AZZ Inc. has a twelve month low of $92.98 and a twelve month high of $162.20. The company has a market capitalization of $4.27 billion, a PE ratio of 13.55 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70. The firm’s 50-day simple moving average is $145.55 and its 200-day simple moving average is $132.61.

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

AZZ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. This is a positive change from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio is 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.