AZZ Inc. $AZZ Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA cut its stake in AZZ Inc. (NYSE:AZZ) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,141 shares of the industrial products company’s stock after selling 935 shares during the period. AZZ accounts for 1.4% of Delphi Management Inc. MA’s portfolio, making the stock its 27th largest position. Delphi Management Inc. MA owned approximately 0.05% of AZZ worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in AZZ by 19.2% during the fourth quarter. Wellington Management Group LLP now owns 882,308 shares of the industrial products company’s stock worth $72,279,000 after purchasing an additional 142,215 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in AZZ by 19.4% in the first quarter. Westwood Holdings Group Inc. now owns 650,072 shares of the industrial products company’s stock worth $54,353,000 after acquiring an additional 105,723 shares during the last quarter. Bank of America Corp DE boosted its stake in AZZ by 554.6% in the fourth quarter. Bank of America Corp DE now owns 251,823 shares of the industrial products company’s stock valued at $20,629,000 after acquiring an additional 213,355 shares during the period. Principal Financial Group Inc. grew its holdings in shares of AZZ by 2.3% during the first quarter. Principal Financial Group Inc. now owns 168,694 shares of the industrial products company’s stock valued at $14,105,000 after purchasing an additional 3,854 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of AZZ during the 1st quarter worth approximately $8,772,000. Institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling at AZZ

In other news, COO Bryan Lee Stovall sold 5,000 shares of AZZ stock in a transaction on Monday, August 11th. The stock was sold at an average price of $111.60, for a total transaction of $558,000.00. Following the transaction, the chief operating officer directly owned 22,709 shares in the company, valued at approximately $2,534,324.40. This trade represents a 18.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kurt L. Russell sold 10,321 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $112.21, for a total value of $1,158,119.41. Following the completion of the sale, the insider directly owned 16,804 shares in the company, valued at $1,885,576.84. This represents a 38.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,837 shares of company stock valued at $5,195,318. 1.77% of the stock is owned by corporate insiders.

AZZ Stock Performance

AZZ stock opened at $117.25 on Friday. The company has a 50-day simple moving average of $111.31 and a 200 day simple moving average of $96.27. The company has a market capitalization of $3.52 billion, a P/E ratio of 13.59 and a beta of 1.30. The company has a quick ratio of 1.10, a current ratio of 1.51 and a debt-to-equity ratio of 0.47. AZZ Inc. has a fifty-two week low of $70.90 and a fifty-two week high of $119.95.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, July 9th. The industrial products company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.59 by $0.19. The firm had revenue of $421.96 million for the quarter, compared to analysts’ expectations of $435.91 million. AZZ had a net margin of 16.40% and a return on equity of 15.54%. AZZ’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. AZZ has set its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts predict that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from AZZ’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, July 10th. AZZ’s payout ratio is currently 9.27%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AZZ. Sidoti downgraded AZZ from a “buy” rating to a “neutral” rating and set a $101.00 price objective for the company. in a research note on Monday, June 9th. Noble Financial restated an “outperform” rating on shares of AZZ in a research report on Monday, July 14th. Zacks Research downgraded shares of AZZ from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen cut shares of AZZ from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird raised their price target on shares of AZZ from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.29.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.