OMERS ADMINISTRATION Corp Buys Shares of 3,905 AZZ Inc. $AZZ

OMERS ADMINISTRATION Corp purchased a new stake in shares of AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,905 shares of the industrial products company’s stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AZZ. Kilter Group LLC acquired a new position in shares of AZZ in the second quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its holdings in AZZ by 92.5% during 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 last quarter. Osterweis Capital Management Inc. bought a new stake in AZZ during the 2nd quarter worth approximately $30,000. Kestra Advisory Services LLC acquired a new position in AZZ in the 4th quarter valued at approximately $38,000. Finally, Clearstead Advisors LLC increased its position in AZZ by 184.3% in the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 234 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

AZZ Price Performance

AZZ stock opened at $139.78 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. The company’s 50-day moving average is $148.91 and its 200-day moving average is $140.49. The stock has a market capitalization of $4.20 billion, a PE ratio of 21.31 and a beta of 1.12. AZZ Inc. has a 1 year low of $92.98 and a 1 year high of $162.20.

AZZ (NYSE:AZZ) last issued its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.05. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The business had revenue of $448.53 million during the quarter, compared to analyst estimates of $434.58 million. During the same period in the previous year, the company posted $1.78 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Equities research analysts expect that AZZ Inc. will post 6.93 EPS for the current fiscal year.

AZZ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.24 per share. This is a positive change from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, July 9th. AZZ’s dividend payout ratio is presently 14.63%.

Insider Buying and Selling

In related news, COO Bryan Lee Stovall sold 2,677 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 35,000 shares in the company, valued at $5,252,450. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $647,981.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. 1.70% of the stock is owned by corporate insiders.

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.