Janus Henderson Group PLC Buys 54,590 Shares of AZZ Inc. $AZZ

Janus Henderson Group PLC increased its position in AZZ Inc. (NYSE:AZZ) by 162.1% during the first quarter, HoldingsChannel.com reports. The firm owned 88,273 shares of the industrial products company’s stock after acquiring an additional 54,590 shares during the quarter. Janus Henderson Group PLC’s holdings in AZZ were worth $11,047,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Smith Group Asset Management LLC grew its position in AZZ by 11.1% during the 1st quarter. Smith Group Asset Management LLC now owns 29,221 shares of the industrial products company’s stock valued at $3,656,000 after purchasing an additional 2,931 shares during the last quarter. Amundi raised its holdings in AZZ by 61.1% in the first quarter. Amundi now owns 10,547 shares of the industrial products company’s stock worth $1,320,000 after buying an additional 4,002 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of AZZ by 14.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,961 shares of the industrial products company’s stock worth $245,000 after buying an additional 251 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of AZZ by 19.1% in the first quarter. California State Teachers Retirement System now owns 32,149 shares of the industrial products company’s stock worth $4,023,000 after buying an additional 5,155 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of AZZ by 7.3% during the first quarter. Quantinno Capital Management LP now owns 7,030 shares of the industrial products company’s stock valued at $880,000 after buying an additional 477 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AZZ. Weiss Ratings downgraded shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. B. Riley Financial upped their price objective on AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company increased their target price on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Evercore restated an “outperform” rating and issued a $152.00 price target on shares of AZZ in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, AZZ has an average rating of “Moderate Buy” and a consensus price target of $155.25.

AZZ Stock Performance

Shares of NYSE AZZ opened at $152.65 on Wednesday. The firm’s 50-day moving average price is $147.73 and its 200-day moving average price is $137.87. AZZ Inc. has a 52-week low of $92.98 and a 52-week high of $162.20. The company has a market cap of $4.59 billion, a PE ratio of 23.27 and a beta of 1.12. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.05. The firm had revenue of $448.53 million during the quarter, compared to analysts’ expectations of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, analysts anticipate that AZZ Inc. will post 6.93 EPS for the current year.

AZZ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, July 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.6%. This is a boost from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio (DPR) is presently 14.63%.

AZZ 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.