State of Wyoming bought a new position in shares of AZZ Inc. (NYSE:AZZ – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 7,535 shares of the industrial products company’s stock, valued at approximately $1,168,000.
Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its position in AZZ by 92.5% in the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 124 shares during the period. Osterweis Capital Management Inc. bought a new stake in AZZ during the 2nd quarter worth about $30,000. Kestra Advisory Services LLC acquired a new position in AZZ during the 4th quarter valued at about $38,000. Clearstead Advisors LLC lifted its position in AZZ by 184.3% during the 4th 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 period. Finally, Fifth Third Bancorp boosted its stake in shares of AZZ by 55.9% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
Insider Buying and Selling at AZZ
In other news, COO Bryan Lee Stovall sold 2,677 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $150.07, for a total value of $401,737.39. Following the completion of the transaction, the chief operating officer owned 35,000 shares of the company’s stock, valued at $5,252,450. The trade was a 7.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey Vellines sold 4,220 shares of the business’s 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.70% of the company’s stock.
AZZ Price Performance
AZZ (NYSE:AZZ – Get Free Report) last announced its quarterly 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. The company had revenue of $448.53 million during the quarter, compared to analysts’ expectations of $434.58 million. AZZ had a return on equity of 14.18% and a net margin of 11.83%.AZZ’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, equities analysts predict that AZZ Inc. will post 6.93 earnings per share for the current year.
AZZ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This is a boost from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a yield of 0.6%. AZZ’s payout ratio is currently 14.63%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on AZZ shares. 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 research report on Friday, July 10th. Robert W. Baird raised their price objective on shares of AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings lowered shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. Finally, Evercore reiterated an “outperform” rating and set a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. 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 MarketBeat.com, AZZ currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.
Check Out Our Latest Research Report on AZZ
AZZ 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.
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