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

AZZ Inc. (NYSE:AZZ) COO Bryan Lee Stovall sold 2,677 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 35,000 shares of the company’s stock, valued at $5,252,450. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AZZ Stock Performance

NYSE AZZ opened at $151.34 on Monday. The company has a market cap of $4.55 billion, a P/E ratio of 23.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. The business’s 50 day moving average price is $149.99 and its 200-day moving average price is $139.44. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.05. The company 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 revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Sell-side 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. Stockholders of record on Thursday, July 9th were issued a $0.24 dividend. This is a boost from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.6%. AZZ’s dividend payout ratio (DPR) is 14.63%.

Institutional Investors Weigh In On AZZ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AZZ. Hantz Financial Services Inc. boosted its position in AZZ by 92.5% in the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after buying an additional 124 shares during the period. Osterweis Capital Management Inc. purchased a new position in shares of AZZ during the second quarter worth approximately $30,000. Kilter Group LLC bought a new stake in shares of AZZ during the second quarter valued at approximately $33,000. Kestra Advisory Services LLC purchased a new stake in shares of AZZ in the fourth quarter valued at approximately $38,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of AZZ by 184.3% in the fourth 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. Institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AZZ. Weiss Ratings downgraded shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. B. Riley Financial boosted their target price on AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Evercore reaffirmed an “outperform” rating and set a $152.00 target price on shares of AZZ in a research note on Monday, April 27th. Wells Fargo & Company increased 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. Finally, Robert W. Baird raised their price target on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, AZZ currently has a consensus rating of “Moderate Buy” and a consensus price target 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.