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

AZZ Inc. (NYSE:AZZ) COO Jeffrey Vellines sold 4,220 shares of the company’s stock in a transaction 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 in the company, valued at approximately $281,610.70. This represents a 69.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

AZZ Stock Performance

Shares of AZZ traded up $1.25 during midday trading on Tuesday, reaching $153.50. 159,521 shares of the stock were exchanged, compared to its average volume of 231,407. AZZ Inc. has a twelve month low of $92.98 and a twelve month high of $162.20. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. The company has a market cap of $4.61 billion, a P/E ratio of 23.40 and a beta of 1.12. The stock’s 50 day simple moving average is $148.86 and its 200 day simple moving average is $138.69.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.05. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company had revenue of $448.53 million during the quarter, compared to analysts’ expectations of $434.58 million. During the same quarter in the previous year, the business posted $1.78 earnings per share. 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 expect that AZZ Inc. will post 6.93 earnings per share for the current 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 issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.6%. This is an increase from AZZ’s previous quarterly dividend of $0.20. AZZ’s payout ratio is presently 14.63%.

Wall Street Analyst Weigh In

AZZ has been the topic of several recent research reports. Weiss Ratings cut 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 issued a $152.00 price target 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. Wells Fargo & Company raised their price objective on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Finally, Robert W. Baird lifted 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. Four equities 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, AZZ has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Institutional Investors Weigh In On AZZ

A number of large investors have recently bought and sold shares of AZZ. Hantz Financial Services Inc. increased 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 buying an additional 124 shares during the period. Osterweis Capital Management Inc. acquired a new position in shares of AZZ in the 2nd quarter valued at approximately $30,000. Kilter Group LLC acquired a new position in shares of AZZ in the 2nd quarter valued at approximately $33,000. Kestra Advisory Services LLC bought a new stake in shares of AZZ during the 4th quarter worth approximately $38,000. Finally, Clearstead Advisors LLC lifted its holdings 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 acquiring an additional 234 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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.