10,300 Shares in AZZ Inc. $AZZ Bought by PDT Partners LLC

PDT Partners LLC bought a new stake in AZZ Inc. (NYSE:AZZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,300 shares of the industrial products company’s stock, valued at approximately $1,597,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in shares of AZZ during the 2nd quarter valued at about $10,411,000. The Manufacturers Life Insurance Company purchased a new stake in AZZ in the second quarter worth approximately $2,186,000. Algert Global LLC grew its position in AZZ by 142.5% during the second quarter. Algert Global LLC now owns 88,540 shares of the industrial products company’s stock valued at $13,728,000 after acquiring an additional 52,030 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of AZZ during the second quarter worth approximately $605,000. Finally, Orchard Capital Management LLC bought a new stake in shares of AZZ in the 2nd quarter worth approximately $605,000. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Performance

Shares of AZZ opened at $140.76 on Thursday. 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 Inc. has a one year low of $92.98 and a one year high of $162.20. The company has a 50-day simple moving average of $149.26 and a two-hundred day simple moving average of $140.42. The firm has a market capitalization of $4.23 billion, a PE ratio of 21.46 and a beta of 1.12.

AZZ (NYSE:AZZ) last issued its quarterly 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 period last year, the company posted $1.78 EPS. AZZ’s 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, analysts anticipate that AZZ Inc. will post 6.93 EPS for the current fiscal year.

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, July 9th. This is a positive change from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio is 14.63%.

Insider Buying and Selling 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 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 directly owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 owned 1,834 shares in the company, valued at $281,610.70. This trade represents a 69.71% 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 insiders.

Analyst Ratings Changes

Several equities analysts recently commented on AZZ shares. Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. B. Riley Financial lifted 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. Wells Fargo & Company raised their price target 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, Weiss Ratings lowered AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, AZZ currently has an average rating of “Moderate Buy” and an average price target 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.