Key Points
- AZZ COO Jeffrey Vellines sold 4,220 shares at an average price of $153.55, generating $647,981 and reducing his ownership by 69.71% to 1,834 shares.
- AZZ reported quarterly EPS of $1.85, exceeding estimates of $1.80, while revenue rose 6.3% year over year to $448.53 million. The company also increased its quarterly dividend from $0.20 to $0.24 per share.
- Analysts maintain a generally positive view, with four Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $155.25; institutional investors own 90.93% of the stock.
AZZ Inc. (NYSE:AZZ - Get Free Report) COO Jeffrey Vellines sold 4,220 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $153.55, for a total value of $647,981.00. Following the transaction, the chief operating officer owned 1,834 shares in the company, valued at $281,610.70. This trade represents a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
AZZ Stock Up 0.8%
AZZ opened at $153.50 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.40 and a beta of 1.12. The business has a 50-day moving average of $149.19 and a two-hundred day moving average of $138.87. AZZ Inc. has a 12 month low of $92.98 and a 12 month high of $162.20.
AZZ (NYSE:AZZ - Get Free Report) last posted its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 EPS 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 the consensus estimate of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 EPS. 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 business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.6%. This is a positive change from AZZ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 9th. AZZ's dividend payout ratio (DPR) is currently 14.63%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on AZZ. Wells Fargo & Company lifted their price target on shares of AZZ from $138.00 to $144.00 and gave the company an "equal weight" rating in a report on Friday, July 10th. Evercore restated an "outperform" rating and set a $152.00 price objective on shares of AZZ in a report on Monday, April 27th. B. Riley Financial increased their target price on AZZ from $169.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Robert W. Baird lifted their target price on AZZ from $125.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Finally, Weiss Ratings downgraded AZZ from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, AZZ has an average rating of "Moderate Buy" and a consensus price target of $155.25.
View Our Latest Stock Report on AZZ
Institutional Investors Weigh In On AZZ
Several large investors have recently made changes to their positions in AZZ. Lido Advisors LLC grew its position in shares of AZZ by 3.0% during the 4th quarter. Lido Advisors LLC now owns 2,633 shares of the industrial products company's stock valued at $286,000 after buying an additional 77 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in AZZ by 3.7% in the second quarter. Contravisory Investment Management Inc. now owns 2,723 shares of the industrial products company's stock worth $422,000 after acquiring an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in AZZ by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,882 shares of the industrial products company's stock worth $738,000 after acquiring an additional 100 shares during the last quarter. LPL Financial LLC boosted its stake in AZZ by 1.0% in the fourth quarter. LPL Financial LLC now owns 10,593 shares of the industrial products company's stock valued at $1,135,000 after acquiring an additional 101 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake 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 period. Institutional investors and hedge funds own 90.93% of the company's stock.
About AZZ
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
