Crown Advisors Management Inc. Invests $3.10 Million in AZZ Inc. $AZZ

Crown Advisors Management Inc. acquired a new stake in shares of AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the industrial products company’s stock, valued at approximately $3,101,000. AZZ makes up about 1.7% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 20th largest position. Crown Advisors Management Inc. owned 0.07% of AZZ as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AZZ. SEB Asset Management AB purchased a new stake in AZZ during the first quarter worth $45,297,000. Copeland Capital Management LLC raised its position in shares of AZZ by 222.5% in the 4th quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock worth $49,961,000 after acquiring an additional 321,611 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of AZZ by 861.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock worth $33,814,000 after acquiring an additional 282,676 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of AZZ by 93.2% during the 4th quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock worth $58,873,000 after purchasing an additional 264,956 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of AZZ during the 2nd quarter worth $35,818,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AZZ

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore reiterated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research note on Monday, April 27th. 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. Wells Fargo & Company lifted their target price on shares of AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Weiss Ratings cut AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AZZ presently has an average rating of “Moderate Buy” and an average price target of $155.25.

AZZ Stock Performance

Shares of NYSE AZZ opened at $151.34 on Monday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 23.07 and a beta of 1.12. AZZ Inc. has a 12 month low of $92.98 and a 12 month high of $162.20. The company has a 50 day simple moving average of $149.99 and a two-hundred day simple moving average of $139.44. The company has a current ratio of 1.92, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

AZZ (NYSE:AZZ) last issued its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.05. The firm had revenue of $448.53 million during the quarter, compared to analysts’ expectations of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, analysts predict that AZZ Inc. will post 6.93 earnings per share for the current year.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. This is an increase from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio (DPR) is 14.63%.

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.