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

PDT Partners LLC bought a new stake in AZZ Inc. (NYSE:AZZ) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,300 shares of the industrial products company’s stock, valued at approximately $1,597,000.

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

Insider Buying and Selling

In related news, COO Bryan Lee Stovall sold 2,677 shares of the business’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 transaction, the chief operating officer owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey Vellines sold 4,220 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $153.55, for a total transaction of $647,981.00. Following the completion of the sale, the chief operating officer owned 1,834 shares in the company, valued at $281,610.70. This represents 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 currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Wells Fargo & Company increased their price target on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. B. Riley Financial raised their price objective on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Weiss Ratings cut shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

AZZ Stock Performance

NYSE AZZ opened at $140.76 on Thursday. The firm has a market cap of $4.23 billion, a P/E ratio of 21.46 and a beta of 1.12. 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’s 50 day moving average is $149.26 and its 200-day moving average is $140.42. AZZ Inc. has a 12-month low of $92.98 and a 12-month high of $162.20.

AZZ (NYSE:AZZ) last issued 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 business had revenue of $448.53 million for the quarter, compared to analysts’ expectations of $434.58 million. During the same quarter in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. 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 year.

AZZ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were issued a $0.24 dividend. 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.7%. AZZ’s payout ratio is currently 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.