32,989 Shares in AZZ Inc. $AZZ Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new position in AZZ Inc. (NYSE:AZZ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,989 shares of the industrial products company’s stock, valued at approximately $5,115,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its position in shares of AZZ by 92.5% during the 4th 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. bought a new position in shares of AZZ in the second quarter worth approximately $30,000. Kestra Advisory Services LLC bought a new position in shares of AZZ in the fourth quarter worth approximately $38,000. Clearstead Advisors LLC raised its stake in 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 in the last quarter. Finally, Fifth Third Bancorp raised its stake in AZZ by 55.9% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Activity at AZZ

In related news, COO Bryan Lee Stovall sold 2,677 shares of AZZ 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey Vellines sold 4,220 shares of the company’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 sale, the chief operating officer owned 1,834 shares of the company’s stock, valued at $281,610.70. This represents a 69.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AZZ. Wall Street Zen cut shares of AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. B. Riley Financial raised their price objective on shares of 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 price objective on shares of AZZ in a report on Monday, April 27th. Wells Fargo & Company upped their target price 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. Finally, Weiss Ratings cut AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, AZZ currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

AZZ Stock Down 0.4%

AZZ opened at $140.76 on Tuesday. The company has a market cap of $4.23 billion, a P/E ratio of 21.46 and a beta of 1.12. The business’s 50-day moving average price is $149.79 and its 200-day moving average price is $140.25. The company has a current ratio of 1.92, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. AZZ Inc. has a 12 month low of $92.98 and a 12 month high of $162.20.

AZZ (NYSE:AZZ) last released its 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. The company had revenue of $448.53 million during the quarter, compared to analyst estimates of $434.58 million. AZZ had a return on equity of 14.18% and a net margin of 11.83%.AZZ’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, equities analysts expect that AZZ Inc. will post 6.93 EPS for the current year.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were given a $0.24 dividend. The ex-dividend date was Thursday, July 9th. This is an increase from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a yield of 0.7%. AZZ’s dividend payout ratio is presently 14.63%.

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.