AZZ (NYSE:AZZ) COO Sells $647,981.00 in Stock

AZZ Inc. (NYSE:AZZ) COO Jeffrey Vellines sold 4,220 shares of the company’s stock in a transaction dated 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 directly owned 1,834 shares in the company, valued at $281,610.70. This represents a 69.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

AZZ Stock Performance

NYSE AZZ opened at $150.41 on Friday. AZZ Inc. has a 1-year low of $92.98 and a 1-year high of $162.20. The company has a 50 day moving average of $149.72 and a 200-day moving average of $139.24. 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 cap of $4.52 billion, a price-to-earnings ratio of 22.93 and a beta of 1.12.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $434.58 million. During the same period in the prior year, the company earned $1.78 EPS. AZZ’s revenue for the quarter was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, equities analysts forecast that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.

AZZ Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. grew its holdings in AZZ by 92.5% during the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 124 shares during the period. Osterweis Capital Management Inc. acquired a new position in shares of AZZ in the 2nd quarter valued at $30,000. Kilter Group LLC acquired a new position in shares of AZZ in the 2nd quarter valued at $33,000. Kestra Advisory Services LLC bought a new position in shares of AZZ in the 4th quarter worth $38,000. Finally, Clearstead Advisors LLC boosted its position in shares of AZZ by 184.3% in the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

AZZ has been the topic of a number of research analyst reports. Evercore reissued an “outperform” rating and set a $152.00 price objective on shares of AZZ in a report on Monday, April 27th. Weiss Ratings lowered shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. Wells Fargo & Company increased their price target on shares of AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. B. Riley Financial raised their price target on shares of AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Robert W. Baird boosted their price objective on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.25.

About AZZ

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.