Hillsdale Investment Management Inc. Lowers Position in AZZ Inc. $AZZ

Hillsdale Investment Management Inc. lessened its holdings in AZZ Inc. (NYSE:AZZ) by 30.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,800 shares of the industrial products company’s stock after selling 19,600 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in AZZ were worth $4,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZZ. Copeland Capital Management LLC raised 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 worth $49,961,000 after buying an additional 321,611 shares in the last quarter. SG Capital Management LLC raised 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 worth $41,037,000 after buying an additional 198,036 shares in the last quarter. Aberdeen Group plc purchased a new stake in AZZ during the fourth quarter valued at about $18,429,000. Capital International Investors raised its position in AZZ by 8.7% during 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 in the last quarter. Finally, Invesco Ltd. raised its position in AZZ by 103.5% during 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 in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company downgraded AZZ from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $127.00 to $132.00 in a research report on Monday, March 2nd. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Evercore restated an “outperform” rating and set a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, B. Riley Financial raised their price target on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.80.

AZZ Stock Down 3.5%

NYSE AZZ opened at $135.27 on Friday. 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 stock has a market capitalization of $4.06 billion, a PE ratio of 12.88 and a beta of 1.17. AZZ Inc. has a 1 year low of $86.67 and a 1 year high of $151.67. The business’s 50-day moving average is $135.96 and its 200 day moving average is $124.24.

AZZ (NYSE:AZZ) last posted its quarterly earnings data 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. The business had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $382.24 million. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. Sell-side analysts forecast that AZZ Inc. will post 6.78 earnings per share for the current year.

AZZ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 23rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s dividend payout ratio is currently 7.62%.

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.