AZZ (NYSE:AZZ) COO Sells $401,737.39 in Stock

AZZ Inc. (NYSE:AZZ) COO Bryan Lee Stovall sold 2,677 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $150.07, for a total transaction of $401,737.39. Following the transaction, the chief operating officer directly owned 35,000 shares in the company, valued at approximately $5,252,450. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AZZ Price Performance

Shares of NYSE AZZ traded up $0.99 during trading on Friday, hitting $151.34. The company had a trading volume of 138,617 shares, compared to its average volume of 230,554. 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 stock has a fifty day simple moving average of $149.72 and a two-hundred day simple moving average of $139.24. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20.

AZZ (NYSE:AZZ) last issued its quarterly 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. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The firm had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. During the same period last year, the company posted $1.78 EPS. AZZ’s quarterly 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. On average, research analysts expect that AZZ Inc. will post 6.93 earnings per share for the current year.

AZZ Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AZZ shares. Robert W. Baird upped their target price on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. B. Riley Financial boosted their price target 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. Wells Fargo & Company boosted their target price on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Evercore restated an “outperform” rating and issued a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Hedge Funds Weigh In On AZZ

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kilter Group LLC purchased a new stake in shares of AZZ in the 2nd quarter valued at approximately $33,000. Hantz Financial Services Inc. lifted its holdings in AZZ by 92.5% in the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 124 shares during the last quarter. Osterweis Capital Management Inc. purchased a new position in AZZ in the second quarter worth approximately $30,000. Kestra Advisory Services LLC acquired a new stake in AZZ during the fourth quarter worth $38,000. Finally, Clearstead Advisors LLC grew its holdings 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 purchasing an additional 234 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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.