OMERS ADMINISTRATION Corp Acquires Shares of 3,905 AZZ Inc. $AZZ

OMERS ADMINISTRATION Corp acquired a new position in shares of AZZ Inc. (NYSE:AZZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,905 shares of the industrial products company’s stock, valued at approximately $605,000.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AZZ. B. Riley Financial lifted their price target on shares of AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company increased their price target on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Weiss Ratings lowered AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

AZZ Price Performance

AZZ stock opened at $139.78 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. AZZ Inc. has a 52 week low of $92.98 and a 52 week high of $162.20. The stock has a market capitalization of $4.20 billion, a P/E ratio of 21.31 and a beta of 1.12. The stock has a fifty day moving average of $148.91 and a 200-day moving average of $140.49.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.05. The business had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. AZZ had a return on equity of 14.18% and a net margin of 11.83%.AZZ’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, sell-side analysts expect that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.

AZZ Increases Dividend

The business also recently declared 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 0.7%. 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 is 14.63%.

Insider Activity at AZZ

In related news, COO Bryan Lee Stovall sold 2,677 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $150.07, for a total value of $401,737.39. Following the completion of the transaction, the chief operating officer owned 35,000 shares of the company’s stock, valued at $5,252,450. This represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey Vellines sold 4,220 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total transaction of $647,981.00. Following the completion of the sale, the chief operating officer owned 1,834 shares in the company, valued at $281,610.70. This represents a 69.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.70% of the company’s stock.

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.