AZZ (NYSE:AZZ) COO Jeffrey Vellines Sells 4,220 Shares of Stock

AZZ Inc. (NYSE:AZZ) 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 value of $647,981.00. Following the completion of the transaction, the chief operating officer directly owned 1,834 shares of the company’s stock, valued at $281,610.70. The trade was a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

AZZ Stock Performance

Shares of AZZ stock opened at $153.50 on Wednesday. The stock has a fifty day moving average price of $149.19 and a 200 day moving average price of $138.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. The stock has a market cap of $4.61 billion, a PE ratio of 23.40 and a beta of 1.12. AZZ Inc. has a 1 year low of $92.98 and a 1 year high of $162.20.

AZZ (NYSE:AZZ) last posted its earnings results 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. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The company had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. During the same quarter in the prior year, the company earned $1.78 earnings per share. AZZ’s revenue was up 6.3% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Sell-side analysts forecast that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.

AZZ Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. Evercore reissued an “outperform” rating and set a $152.00 price objective on shares of AZZ in a research note on Monday, April 27th. Wall Street Zen downgraded AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Wells Fargo & Company lifted their price objective on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, AZZ currently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Institutional Trading of AZZ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AZZ. BlackRock Inc. acquired a new position in shares of AZZ in the second quarter valued at approximately $719,876,000. SEB Asset Management AB acquired a new stake in AZZ during the first quarter worth approximately $45,297,000. Copeland Capital Management LLC grew its stake in 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 during the period. Price T Rowe Associates Inc. MD grew its stake in 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 during the period. Finally, Wellington Management Group LLP raised its holdings in AZZ by 93.2% in the 4th quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after acquiring an additional 264,956 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

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.