Segall Bryant & Hamill LLC Has $47.72 Million Position in AZZ Inc. $AZZ

Segall Bryant & Hamill LLC cut its holdings in AZZ Inc. (NYSE:AZZ) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 381,362 shares of the industrial products company’s stock after selling 67,363 shares during the quarter. AZZ comprises 0.6% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 25th largest position. Segall Bryant & Hamill LLC’s holdings in AZZ were worth $47,720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AZZ. SEB Asset Management AB bought a new stake in shares of AZZ during the 1st quarter valued at $45,297,000. Copeland Capital Management LLC boosted its position in shares of 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 purchasing an additional 321,611 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of AZZ by 861.6% in the 4th 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 during the last quarter. Wellington Management Group LLP grew its stake 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. Finally, Aberdeen Group plc acquired a new stake in shares of AZZ during the fourth quarter worth $18,429,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Price Performance

AZZ opened at $144.96 on Friday. The stock has a market cap of $4.36 billion, a P/E ratio of 22.10 and a beta of 1.11. AZZ Inc. has a 12 month low of $92.98 and a 12 month high of $162.20. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $147.30 and a 200 day simple moving average of $137.34.

AZZ (NYSE:AZZ) last posted its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.05. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The firm had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. During the same period in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, research analysts expect that AZZ Inc. will post 6.94 EPS for the current year.

AZZ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were given a dividend of $0.24 per share. This is an increase from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, July 9th. AZZ’s payout ratio is 14.63%.

Analyst Ratings Changes

Several equities analysts have weighed in on AZZ shares. Robert W. Baird increased their target price on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. B. Riley Financial boosted their target price on AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Evercore reiterated an “outperform” rating and issued a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Finally, Wells Fargo & Company increased their price target on shares of AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AZZ has an average rating of “Moderate Buy” and a consensus price target of $155.25.

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.