Key Points
- AZZ COO Bryan Lee Stovall sold 2,677 shares at an average price of $150.07, totaling approximately $401,737. Following the sale, he retained 35,000 shares.
- AZZ reported quarterly earnings of $1.85 per share, exceeding estimates of $1.80, while revenue rose 6.3% year over year to $448.53 million.
- The company increased its quarterly dividend from $0.20 to $0.24 per share, representing an annualized dividend of $0.96 and a 0.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $155.25.
AZZ Inc. (NYSE:AZZ - Get Free Report) COO Bryan Lee Stovall sold 2,677 shares of AZZ stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $150.07, for a total value of $401,737.39. Following the completion of the transaction, the chief operating officer owned 35,000 shares of the company's stock, valued at approximately $5,252,450. The trade was a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
AZZ Stock Performance
AZZ stock opened at $151.34 on Friday. The stock's 50 day simple moving average is $149.99 and its 200 day simple moving average is $139.33. AZZ Inc. has a 12-month low of $92.98 and a 12-month high of $162.20. The firm 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 current ratio of 1.92, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.
AZZ (NYSE:AZZ - Get Free Report) last issued its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.05. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company had revenue of $448.53 million for the quarter, compared to analysts' expectations of $434.58 million. During the same period in the prior year, the company earned $1.78 earnings per share. The firm's revenue was up 6.3% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities research analysts predict that AZZ Inc. will post 6.93 EPS for the current year.
AZZ Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid 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 dividend on an annualized basis and a yield of 0.6%. AZZ's payout ratio is presently 14.63%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Weiss Ratings downgraded AZZ from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, July 9th. Wall Street Zen cut AZZ from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Wells Fargo & Company upped their price target 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. Robert W. Baird increased their price objective on shares of AZZ from $125.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Finally, B. Riley Financial boosted their target price on shares of AZZ from $169.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently 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
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of AZZ during the 2nd quarter worth about $719,876,000. Vanguard Group Inc. increased its position in shares of AZZ by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company's stock valued at $359,843,000 after purchasing an additional 80,099 shares during the period. Capital International Investors raised its stake in shares of AZZ by 2.5% in the 4th quarter. Capital International Investors now owns 2,009,812 shares of the industrial products company's stock worth $215,412,000 after buying an additional 48,565 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in AZZ by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,783,663 shares of the industrial products company's stock valued at $191,174,000 after acquiring an additional 15,744 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of AZZ by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,182,140 shares of the industrial products company's stock valued at $126,706,000 after purchasing an additional 49,509 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.
AZZ Company Profile
(
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.
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