Jeffrey Vellines Sells 4,220 Shares of AZZ (NYSE:AZZ) Stock

Key Points

• AZZ COO Jeffrey Vellines sold 4,220 shares at an average price of $153.55, generating $647,981. Following the sale, his direct ownership fell by 69.71% to 1,834 shares.
• AZZ shares rose 0.8% to $153.50, near their 52-week high of $162.20. The company recently exceeded quarterly earnings and revenue expectations, reporting EPS of $1.85 and revenue of $448.53 million.
• AZZ increased its quarterly dividend from $0.20 to $0.24 per share, equivalent to an annualized $0.96 dividend and a 0.6% yield. Analysts maintain a “Moderate Buy” consensus rating with a $155.25 average price target.

AZZ Inc. (NYSE:AZZ - Get Free Report) COO Jeffrey Vellines sold 4,220 shares of the stock in a transaction that occurred 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 $281,610.70. This trade represents a 69.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

AZZ Stock Up 0.8%

Shares of NYSE:AZZ traded up $1.25 during trading on Tuesday, hitting $153.50. 159,521 shares of the company were exchanged, compared to its average volume of 231,407. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 23.40 and a beta of 1.12. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The firm has a fifty day moving average price of $148.86 and a two-hundred day moving average price of $138.69. The company has a current ratio of 1.92, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

AZZ (NYSE:AZZ - Get Free Report) last announced its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $448.53 million for the quarter, compared to analysts' expectations of $434.58 million. During the same quarter in the prior year, the business posted $1.78 EPS. The business'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. As a group, research analysts anticipate that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.

AZZ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a $0.24 dividend. This is an increase from AZZ's previous quarterly dividend of $0.20. This represents a $0.96 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, July 9th. AZZ's dividend payout ratio is 14.63%.

Analyst Upgrades and Downgrades

AZZ has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of AZZ from $138.00 to $144.00 and gave the company an "equal weight" rating in a report on Friday, July 10th. Weiss Ratings cut AZZ from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, July 9th. B. Riley Financial boosted their price target on AZZ from $169.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Evercore restated an "outperform" rating and issued a $152.00 price objective on shares of AZZ in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded AZZ from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, AZZ presently has an average rating of "Moderate Buy" and a consensus target price of $155.25.

Institutional Trading of AZZ

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in AZZ by 92.5% in the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company's stock valued at $28,000 after buying an additional 124 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in AZZ during the second quarter worth approximately $30,000. Kilter Group LLC bought a new stake in shares of AZZ during the second quarter worth approximately $33,000. Kestra Advisory Services LLC bought a new stake in shares of AZZ during the fourth quarter worth approximately $38,000. Finally, Clearstead Advisors LLC grew its position in shares of AZZ by 184.3% in the fourth quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

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.

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