Hsbc Holdings PLC Invests $1.56 Million in AZZ Inc. $AZZ

Hsbc Holdings PLC bought a new position in shares of AZZ Inc. (NYSE:AZZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,061 shares of the industrial products company’s stock, valued at approximately $1,564,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in AZZ during the 2nd quarter worth about $719,876,000. Vanguard Group Inc. grew its holdings in shares of AZZ by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock valued at $359,843,000 after acquiring an additional 80,099 shares in the last quarter. Capital International Investors grew its holdings in shares of AZZ by 2.5% in the 4th quarter. Capital International Investors now owns 2,009,812 shares of the industrial products company’s stock valued at $215,412,000 after acquiring an additional 48,565 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of AZZ by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,783,663 shares of the industrial products company’s stock valued at $191,174,000 after acquiring an additional 15,744 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of AZZ by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,182,140 shares of the industrial products company’s stock valued at $126,706,000 after acquiring an additional 49,509 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AZZ news, COO Bryan Lee Stovall sold 2,677 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $150.07, for a total value of $401,737.39. Following the transaction, the chief operating officer directly owned 35,000 shares of the company’s stock, valued at $5,252,450. This represents a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey Vellines sold 4,220 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $153.55, for a total transaction of $647,981.00. Following the sale, the chief operating officer owned 1,834 shares of the company’s stock, valued at $281,610.70. This trade represents a 69.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.70% of the company’s stock.

AZZ Stock Down 0.8%

AZZ stock opened at $137.27 on Tuesday. AZZ Inc. has a 1-year low of $92.98 and a 1-year high of $162.20. The business’s 50 day simple moving average is $148.13 and its 200 day simple moving average is $140.54. The company has a current ratio of 1.92, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $4.12 billion, a PE ratio of 20.93 and a beta of 1.12.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating 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 business had revenue of $448.53 million during the quarter, compared to the consensus estimate of $434.58 million. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, research 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. Stockholders 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 dividend yield of 0.7%. This is a boost from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio is 14.63%.

Analyst Ratings Changes

AZZ has been the subject of several recent research reports. Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. B. Riley Financial increased their price objective on AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company increased their price objective on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.