Oliver Luxxe Assets LLC Reduces Holdings in AZZ Inc. $AZZ

Key Points

• Oliver Luxxe Assets LLC cut its AZZ position by 46.5% in the second quarter, selling 8,434 shares and retaining 9,702 shares valued at approximately $1.5 million. Institutional investors overall own 90.93% of AZZ.
• AZZ reported quarterly earnings of $1.85 per share, exceeding estimates by $0.05, while revenue rose 6.3% year over year to $448.53 million. The company provided fiscal 2027 EPS guidance of $6.75 to $7.15.
• AZZ increased its quarterly dividend from $0.20 to $0.24 per share, equivalent to an annualized dividend of $0.96 and a 0.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $155.25.

Oliver Luxxe Assets LLC decreased its position in shares of AZZ Inc. (NYSE:AZZ - Free Report) by 46.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,702 shares of the industrial products company's stock after selling 8,434 shares during the period. Oliver Luxxe Assets LLC's holdings in AZZ were worth $1,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AZZ. Harbor Investment Advisory LLC bought a new stake in shares of AZZ in the 2nd quarter worth about $67,000. Janus Henderson Group PLC grew its holdings in AZZ by 162.1% during the 1st quarter. Janus Henderson Group PLC now owns 88,273 shares of the industrial products company's stock valued at $11,047,000 after purchasing an additional 54,590 shares during the last quarter. Smith Group Asset Management LLC grew its holdings 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 position in AZZ by 61.1% in the 1st quarter. Amundi now owns 10,547 shares of the industrial products company's stock worth $1,320,000 after purchasing an additional 4,002 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

AZZ Trading Up 0.2%

AZZ opened at $151.29 on Monday. 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 stock's fifty day moving average is $148.50 and its two-hundred day moving average is $138.47. The company has a market capitalization of $4.55 billion, a P/E ratio of 23.06 and a beta of 1.12. AZZ Inc. has a 52 week low of $92.98 and a 52 week high of $162.20.

AZZ (NYSE:AZZ - Get Free Report) last issued 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. The business had revenue of $448.53 million during the quarter, compared to analysts' expectations of $434.58 million. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Analysts forecast that AZZ Inc. will post 6.93 earnings per share for the current year.

AZZ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were paid a $0.24 dividend. 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. The ex-dividend date of this dividend was Thursday, July 9th. AZZ's payout ratio is currently 14.63%.

Wall Street Analyst Weigh In

AZZ has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on AZZ from $138.00 to $144.00 and gave the company an "equal weight" rating in a research report on Friday, July 10th. Wall Street Zen lowered AZZ from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Evercore restated an "outperform" rating and set a $152.00 price objective on shares of AZZ in a report on Monday, April 27th. 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. Finally, Robert W. Baird increased their target price 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, AZZ presently has a consensus rating of "Moderate Buy" and an average target price of $155.25.

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.

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