Crown Advisors Management Inc. Buys New Stake in AZZ Inc. $AZZ

Crown Advisors Management Inc. purchased a new position in shares of AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 holdings, making the stock its 20th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AZZ by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock worth $359,843,000 after acquiring an additional 80,099 shares in the last quarter. Pier Capital LLC purchased a new position in shares of AZZ in the 4th quarter valued at about $7,606,000. F m Investments LLC increased its stake in shares of AZZ by 48.3% in the 4th quarter. F m Investments LLC now owns 30,404 shares of the industrial products company’s stock valued at $3,259,000 after purchasing an additional 9,907 shares in the last quarter. Robeco Schweiz AG raised its holdings in AZZ by 41.5% in the 4th quarter. Robeco Schweiz AG now owns 56,600 shares of the industrial products company’s stock worth $6,066,000 after purchasing an additional 16,600 shares during the period. Finally, SEB Asset Management AB acquired a new position in AZZ in the 1st quarter worth about $45,297,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AZZ. Robert W. Baird raised their price objective on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company upped their target price on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Evercore reiterated an “outperform” rating and set a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, B. Riley Financial boosted their price target on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

Insider Activity at AZZ

In other AZZ news, COO Bryan Lee Stovall sold 2,677 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $150.07, for a total value of $401,737.39. Following the transaction, the chief operating officer owned 35,000 shares in the company, valued at approximately $5,252,450. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey Vellines sold 4,220 shares of AZZ stock in a transaction on 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 approximately $281,610.70. This trade represents a 69.71% decrease in their position. The SEC filing for this sale provides additional information. 1.70% of the stock is currently owned by insiders.

AZZ Trading Down 0.0%

Shares of AZZ stock opened at $151.34 on Monday. 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 Inc. has a twelve month low of $92.98 and a twelve month high of $162.20. The firm has a market capitalization of $4.55 billion, a PE ratio of 23.07 and a beta of 1.12. The firm’s 50-day moving average price is $149.99 and its 200 day moving average price is $139.44.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $434.58 million. During the same period in the previous year, the business earned $1.78 EPS. AZZ’s quarterly revenue 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, sell-side analysts predict that AZZ Inc. will post 6.93 EPS for the current fiscal year.

AZZ Increases Dividend

The company 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 is a boost from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. AZZ’s dividend payout ratio is presently 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.