AZZ (NYSE:AZZ) COO Bryan Lee Stovall Sells 2,677 Shares of Stock

AZZ Inc. (NYSE:AZZ) COO Bryan Lee Stovall sold 2,677 shares of AZZ stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $150.07, for a total transaction of $401,737.39. Following the sale, the chief operating officer owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. This represents 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.

AZZ Trading Up 0.7%

Shares of AZZ stock traded up $0.99 during trading hours on Friday, hitting $151.34. The company had a trading volume of 138,617 shares, compared to its average volume of 230,554. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. 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 fifty day moving average is $149.72 and its 200 day moving average is $139.24. The stock has a market capitalization of $4.55 billion, a PE ratio of 23.07 and a beta of 1.12.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 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 period in the prior year, the firm earned $1.78 earnings per share. 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. Research analysts expect that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.

AZZ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is presently 14.63%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AZZ shares. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. B. Riley Financial boosted their target price on AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Wells Fargo & Company upped their price target on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Robert W. Baird lifted their price objective on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Hedge Funds Weigh In On AZZ

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kilter Group LLC purchased a new position in AZZ in the second quarter valued at $33,000. Hantz Financial Services Inc. lifted 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 buying an additional 124 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of AZZ during the 2nd quarter worth about $30,000. Kestra Advisory Services LLC purchased a new position in shares of AZZ in the 4th quarter valued at about $38,000. Finally, Clearstead Advisors LLC raised its position in shares of AZZ by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 234 shares in 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.