Bryan Lee Stovall Sells 2,677 Shares of AZZ (NYSE:AZZ) 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 completion of the sale, the chief operating officer directly owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

AZZ Stock Up 0.7%

Shares of AZZ opened at $151.34 on Friday. 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 company has a 50-day simple moving average of $149.99 and a 200-day simple moving average of $139.33. AZZ Inc. has a 52 week low of $92.98 and a 52 week high of $162.20. The firm has a market capitalization of $4.55 billion, a P/E ratio of 23.07 and a beta of 1.12.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.80 by $0.05. The firm 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%.The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, equities research analysts expect that AZZ Inc. will post 6.93 earnings per share for the current year.

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were given a dividend of $0.24 per share. This is an increase 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 presently 14.63%.

Institutional Investors Weigh In On AZZ

Several institutional investors have recently modified their holdings of AZZ. Hantz Financial Services Inc. grew its holdings in AZZ by 92.5% during the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 124 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of AZZ in the 2nd quarter worth $30,000. Kilter Group LLC bought a new position in shares of AZZ in the 2nd quarter worth $33,000. Kestra Advisory Services LLC acquired a new stake in shares of AZZ during the fourth quarter worth $38,000. Finally, Clearstead Advisors LLC grew its stake in shares of AZZ by 184.3% during the fourth 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. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

AZZ has been the subject of a number of analyst reports. Wall Street Zen cut shares of AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Robert W. Baird lifted their price objective on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Evercore restated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research note 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 report on Friday, July 10th. Finally, B. Riley Financial lifted their price target on shares of AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.