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Whether you see them or not, industrials businesses play a crucial part in our daily activities. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy, and the industry is currently lagging as its six-month return of 6.9% has trailed the S&P 500’s 21.1% gain.
AZZ (AZZ) has attracted fresh attention after its recent performance data showed a mixed picture, with the share price lower over the past 3 months but higher over the past year. Recent trading tells a mixed story for AZZ. Short term momentum has softened, with the 90 day share price return down 10.05%. However, the year to date share price return of 25.00% and a three year total shareholder return of about 3x indicate that longer term holders have seen strong gains as investors reassess both...
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