AZZ Inc. $AZZ Shares Bought by Algert Global LLC

Key Points

• Algert Global increased its AZZ stake by 142.5% in the second quarter, bringing its holdings to 88,540 shares valued at approximately $13.7 million. Institutional investors collectively own 90.93% of the company.
• Analysts maintain a “Moderate Buy” consensus on AZZ, with an average price target of $155.25; recent targets range from $144 to $170.
• AZZ exceeded quarterly expectations, reporting $1.85 in EPS and $448.5 million in revenue, while raising its quarterly dividend to $0.24 from $0.20. Shares opened at $138.40, compared with a 52-week range of $92.98 to $162.20.

Algert Global LLC boosted its holdings in AZZ Inc. (NYSE:AZZ - Free Report) by 142.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,540 shares of the industrial products company's stock after acquiring an additional 52,030 shares during the quarter. Algert Global LLC owned about 0.29% of AZZ worth $13,728,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in AZZ. OMERS ADMINISTRATION Corp acquired a new position in AZZ in the 2nd quarter valued at about $605,000. Orchard Capital Management LLC acquired a new position in AZZ in the second quarter valued at $605,000. De Lisle Partners LLP acquired a new position in shares of AZZ in the 2nd quarter valued at about $5,148,000. Emerald Investment Advisers LLC purchased a new stake in AZZ during the second quarter worth approximately $5,934,000. Finally, Allworth Financial LP acquired a new stake in AZZ in the 2nd quarter valued at $60,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. B. Riley Financial boosted their target price on shares of AZZ from $169.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Wells Fargo & Company raised their target price on AZZ from $138.00 to $144.00 and gave the company an "equal weight" rating in a research note on Friday, July 10th. Weiss Ratings downgraded AZZ from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of AZZ from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $155.25.

AZZ Price Performance

Shares of AZZ stock opened at $138.40 on Wednesday. The stock's fifty day simple moving average is $149.49 and its 200 day simple moving average is $140.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. AZZ Inc. has a one year low of $92.98 and a one year high of $162.20. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 21.10 and a beta of 1.12.

AZZ (NYSE:AZZ - Get Free Report) last released its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $434.58 million. During the same period in the prior year, the company posted $1.78 EPS. The company'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. On average, analysts expect that AZZ Inc. will post 6.93 earnings per share for the current fiscal year.

AZZ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a $0.24 dividend. This is a positive change 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 yield of 0.7%. AZZ's dividend payout ratio is presently 14.63%.

Insider Activity at AZZ

In other news, COO Jeffrey Vellines sold 4,220 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total value of $647,981.00. Following the completion of the transaction, the chief operating officer directly owned 1,834 shares in the company, valued at approximately $281,610.70. The trade was a 69.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Bryan Lee Stovall sold 2,677 shares of the business's stock in a transaction 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 transaction, the chief operating officer directly owned 35,000 shares of the company's stock, valued at $5,252,450. This trade represents a 7.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.70% of the company's stock.

AZZ 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.

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