AZZ Inc. (NYSE:AZZ – Get Free Report) COO Bryan Lee Stovall sold 2,677 shares of the firm’s 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 completion of the sale, the chief operating officer owned 35,000 shares of the company’s stock, 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 accessible through the SEC website.
AZZ Price Performance
Shares of NYSE:AZZ opened at $151.34 on Friday. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 23.07 and a beta of 1.12. 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 business’s 50 day simple moving average is $149.99 and its 200-day simple moving average is $139.33. AZZ Inc. has a 12 month low of $92.98 and a 12 month high of $162.20.
AZZ (NYSE:AZZ – Get Free Report) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.05. The firm had revenue of $448.53 million during 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%.AZZ’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities analysts forecast that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.
AZZ Increases Dividend
Hedge Funds Weigh In On AZZ
A number of large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of AZZ by 8.8% during 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 acquiring an additional 1,024 shares in the last quarter. AQR Capital Management LLC lifted its position in AZZ by 26.2% during the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 1,290 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 worth $1,462,000 after acquiring an additional 771 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AZZ by 21.7% in 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 during the period. Finally, Jane Street Group LLC boosted its holdings in 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 period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on AZZ shares. Weiss Ratings cut shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 9th. Evercore reissued an “outperform” rating and set a $152.00 price objective on shares of AZZ in a research note on Monday, April 27th. B. Riley Financial lifted their price objective on AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Robert W. Baird raised their target price on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.25.
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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