Calamos Advisors LLC Takes $1.53 Million Position in AZZ Inc. $AZZ

Calamos Advisors LLC purchased a new position in shares of AZZ Inc. (NYSE:AZZ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,057 shares of the industrial products company’s stock, valued at approximately $1,534,000.

Several other institutional investors have also bought and sold shares of AZZ. Huntington National Bank grew its holdings in AZZ by 206.7% during the second quarter. Huntington National Bank now owns 273 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Osterweis Capital Management Inc. purchased a new position in shares of AZZ during the 2nd quarter valued at $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of AZZ during the 2nd quarter worth $34,000. GAMMA Investing LLC increased its holdings in AZZ by 39.6% in the 2nd quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in AZZ by 1,145.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 859 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AZZ shares. B. Riley increased their target price on shares of AZZ from $131.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a report on Monday. Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Wells Fargo & Company lowered their target price on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AZZ has a consensus rating of “Moderate Buy” and a consensus target price of $116.33.

AZZ Stock Performance

AZZ stock opened at $107.12 on Friday. AZZ Inc. has a 1-year low of $70.90 and a 1-year high of $119.95. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $3.22 billion, a PE ratio of 10.30 and a beta of 1.13. The firm’s 50 day simple moving average is $104.36 and its 200 day simple moving average is $106.05.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.56 EPS for the quarter. The firm had revenue of $129.87 million during the quarter. AZZ had a net margin of 19.69% and a return on equity of 15.01%. As a group, analysts expect that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

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.