AZZ Inc. $AZZ Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in AZZ Inc. (NYSE:AZZ) by 73.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,899 shares of the industrial products company’s stock after selling 382,274 shares during the quarter. Wellington Management Group LLP owned approximately 0.47% of AZZ worth $21,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in AZZ by 8.8% in the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 1,024 shares during the period. AQR Capital Management LLC boosted its position in shares of AZZ by 26.2% in the first quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 1,290 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AZZ by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock worth $1,462,000 after acquiring an additional 771 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in AZZ by 21.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company’s stock valued at $7,030,000 after purchasing an additional 14,965 shares during the period. Finally, Jane Street Group LLC increased its position in AZZ by 185.9% during the first quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after purchasing an additional 33,238 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AZZ

In other news, COO Jeffrey Vellines sold 4,220 shares of the business’s stock in a transaction 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 transaction, the chief operating officer directly owned 1,834 shares of the company’s stock, valued at approximately $281,610.70. The trade was a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Bryan Lee Stovall sold 2,677 shares of the company’s stock in a transaction on 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 transaction, the chief operating officer owned 35,000 shares of the company’s stock, valued at $5,252,450. This trade represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is owned by company insiders.

AZZ Stock Up 0.2%

Shares of NYSE AZZ opened at $140.29 on Monday. The stock has a fifty day moving average price of $146.63 and a 200 day moving average price of $140.49. 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 12-month low of $92.98 and a 12-month high of $162.20. The company has a market cap of $4.22 billion, a P/E ratio of 21.39 and a beta of 1.11.

AZZ (NYSE:AZZ) last issued 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. 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 the consensus estimate of $434.58 million. During the same quarter in the prior year, the business earned $1.78 earnings per share. The company’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. Research analysts anticipate that AZZ Inc. will post 6.93 EPS for the current fiscal year.

AZZ Increases Dividend

The company 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 0.7%. This is a positive change from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 9th. AZZ’s dividend payout ratio is 14.63%.

Wall Street Analyst Weigh In

AZZ has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. B. Riley Financial boosted their price target on AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 13th. 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 downgraded 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.25.

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.