Jupiter Topco LLC Invests $14.59 Million in AZZ Inc. $AZZ

Jupiter Topco LLC bought a new position in AZZ Inc. (NYSE:AZZ) during the second quarter, Holdings Channel.com reports. The fund bought 94,084 shares of the industrial products company’s stock, valued at approximately $14,588,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AZZ. Royal Bank of Canada grew its position in AZZ by 8.8% in the first quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 1,024 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of AZZ by 26.2% during the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock valued at $519,000 after acquiring an additional 1,290 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 771 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 acquiring an additional 14,965 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of AZZ by 185.9% in the 1st quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 33,238 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

AZZ Trading Down 0.8%

NYSE:AZZ opened at $138.61 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. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The stock’s 50-day moving average is $148.54 and its two-hundred day moving average is $140.48. The stock has a market cap of $4.17 billion, a PE ratio of 21.13 and a beta of 1.12.

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

AZZ Increases Dividend

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

Analyst Ratings Changes

AZZ has been the topic of a number of recent analyst reports. Weiss Ratings lowered AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. 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 lifted their target price on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Insiders Place Their Bets

In related news, COO Bryan Lee Stovall sold 2,677 shares of AZZ stock in a transaction on Friday, August 14th. The stock was 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 owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey Vellines sold 4,220 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $153.55, for a total value of $647,981.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.70% of the company’s stock.

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.