7,535 Shares in AZZ Inc. $AZZ Purchased by State of Wyoming

State of Wyoming purchased a new stake in shares of AZZ Inc. (NYSE:AZZ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,535 shares of the industrial products company’s stock, valued at approximately $1,168,000.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in shares of 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 purchasing an additional 124 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of AZZ in the second quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in shares of AZZ in the fourth quarter valued at $38,000. Clearstead Advisors LLC lifted its position in AZZ by 184.3% in the fourth 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 period. Finally, Fifth Third Bancorp lifted its position in AZZ by 55.9% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey Vellines sold 4,220 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total transaction of $647,981.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Lee Stovall sold 2,677 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $150.07, for a total transaction of $401,737.39. Following the completion of the sale, the chief operating officer owned 35,000 shares of the company’s stock, valued at $5,252,450. The trade was a 7.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.70% of the company’s stock.

AZZ Stock Performance

Shares of NYSE:AZZ opened at $151.34 on Friday. The business’s fifty day moving average price is $149.99 and its two-hundred day moving average price is $139.33. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 23.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39.

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, topping 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 net margin of 11.83% and a return on equity of 14.18%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. 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 EPS for the current fiscal year.

AZZ Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. B. Riley Financial boosted 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. Weiss Ratings downgraded shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. 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 cut shares of AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Robert W. Baird increased their price target 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

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.