Tara Mackey Sells 2,923 Shares of AZZ (NYSE:AZZ) Stock

AZZ Inc. (NYSE:AZZ) insider Tara Mackey sold 2,923 shares of AZZ stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $136.00, for a total transaction of $397,528.00. Following the sale, the insider owned 22,373 shares of the company’s stock, valued at approximately $3,042,728. This represents a 11.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AZZ Trading Down 0.0%

AZZ stock traded down $0.01 during midday trading on Thursday, reaching $137.45. The company’s stock had a trading volume of 157,953 shares, compared to its average volume of 163,195. The business’s 50-day simple moving average is $117.01 and its 200-day simple moving average is $110.79. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41. AZZ Inc. has a 52 week low of $70.90 and a 52 week high of $140.70. The stock has a market cap of $4.10 billion, a PE ratio of 12.92 and a beta of 1.13.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The company had revenue of $425.75 million for the quarter, compared to the consensus estimate of $412.97 million. During the same quarter in the prior year, the business posted $1.39 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts expect that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, February 5th. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. AZZ’s dividend payout ratio (DPR) is 7.52%.

AZZ declared that its board has initiated a stock buyback program on Friday, January 30th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Robert W. Baird set a $125.00 target price on shares of AZZ in a report on Friday, January 9th. Finally, Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Institutional Trading of AZZ

A number of hedge funds and other institutional investors have recently made changes to their positions in AZZ. Copeland Capital Management LLC lifted its position in AZZ by 222.5% during the 4th quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock worth $49,961,000 after buying an additional 321,611 shares in the last quarter. SG Capital Management LLC raised its holdings in AZZ by 111.3% during the third quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock worth $41,037,000 after acquiring an additional 198,036 shares in the last quarter. Aberdeen Group plc bought a new position in AZZ in the fourth quarter valued at approximately $18,429,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of AZZ by 131.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 299,147 shares of the industrial products company’s stock worth $32,063,000 after purchasing an additional 169,772 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of AZZ by 8.7% during the 3rd quarter. Capital International Investors now owns 1,961,247 shares of the industrial products company’s stock worth $214,031,000 after purchasing an additional 157,529 shares in the last quarter. 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.