Jupiter Topco LLC Invests $14.59 Million in AZZ Inc. $AZZ

Jupiter Topco LLC purchased a new stake in shares of AZZ Inc. (NYSE:AZZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 94,084 shares of the industrial products company’s stock, valued at approximately $14,588,000. Jupiter Topco LLC owned approximately 0.31% of AZZ at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AZZ. Lido Advisors LLC grew its stake in AZZ by 3.0% during the 4th quarter. Lido Advisors LLC now owns 2,633 shares of the industrial products company’s stock worth $286,000 after buying an additional 77 shares during the last quarter. Contravisory Investment Management Inc. grew its position in shares of AZZ by 3.7% during the second quarter. Contravisory Investment Management Inc. now owns 2,723 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of AZZ by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,882 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 100 shares during the last quarter. LPL Financial LLC increased its holdings in shares of AZZ by 1.0% in the 4th quarter. LPL Financial LLC now owns 10,593 shares of the industrial products company’s stock worth $1,135,000 after acquiring an additional 101 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of AZZ by 92.5% in the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 124 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AZZ. Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings cut AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. Wells Fargo & Company boosted 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. Finally, B. Riley Financial increased their price objective on AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Insider Activity at AZZ

In other AZZ news, COO Bryan Lee Stovall sold 2,677 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 35,000 shares in the company, valued at $5,252,450. This represents a 7.11% 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 Jeffrey Vellines sold 4,220 shares of the 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 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 SEC filing for this sale provides additional information. 1.70% of the stock is owned by insiders.

AZZ Stock Performance

AZZ stock opened at $138.61 on Friday. The company has a market capitalization of $4.17 billion, a P/E ratio of 21.13 and a beta of 1.12. The company has a 50-day simple moving average of $148.54 and a 200 day simple moving average of $140.48. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week 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.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.80 by $0.05. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The firm had revenue of $448.53 million for the quarter, compared to analysts’ expectations of $434.58 million. During the same quarter last year, the company 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. Sell-side analysts predict that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were paid a dividend of $0.24 per share. 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 0.7%. The ex-dividend date was Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is 14.63%.

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.