AZZ Inc. $AZZ Shares Newly Acquired by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors acquired 19,000 AZZ shares worth approximately $2.55 million, representing about 0.06% of the company. Institutional investors and hedge funds collectively own 90.93% of AZZ.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $153.20, compared with shares opening at $138.64.
• AZZ reported quarterly adjusted EPS of $2.00, exceeding estimates of $1.88, while revenue rose 16.7% year over year to $486.89 million. The company also declared a quarterly dividend of $0.24 per share, equivalent to a 0.7% annualized yield.

Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of AZZ Inc. (NYSE:AZZ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,000 shares of the industrial products company's stock, valued at approximately $2,553,000. Cantor Fitzgerald Investment Advisors L.P. owned about 0.06% of AZZ as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZZ. BlackRock Inc. acquired a new position in shares of AZZ during the second quarter worth approximately $719,876,000. SEB Asset Management AB acquired a new stake in shares of AZZ in the first quarter valued at approximately $45,297,000. Bank of New York Mellon Corp acquired a new stake in shares of AZZ in the second quarter valued at approximately $35,818,000. Bank of America Corp DE acquired a new stake in shares of AZZ in the second quarter valued at approximately $32,505,000. Finally, Jupiter Topco LLC bought a new position in AZZ in the 2nd quarter worth approximately $14,588,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays upped their price objective on AZZ from $140.00 to $145.00 and gave the stock an "equal weight" rating in a report on Thursday, October 15th. B. Riley Financial lifted their target price on AZZ from $170.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, October 15th. Weiss Ratings reissued a "buy (b)" rating on shares of AZZ in a research note on Tuesday, October 6th. Wall Street Zen upgraded AZZ from a "hold" rating to a "buy" rating in a research report on Saturday, October 17th. Finally, Robert W. Baird dropped their target price on AZZ from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Thursday, October 15th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.20.

AZZ Stock Up 2.3%

Shares of NYSE AZZ opened at $138.64 on Thursday. The firm has a market capitalization of $4.15 billion, a PE ratio of 24.98 and a beta of 1.13. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.33. AZZ Inc. has a 1 year low of $94.61 and a 1 year high of $162.20. The firm's 50-day moving average is $138.06 and its 200-day moving average is $142.40.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. AZZ had a net margin of 9.59% and a return on equity of 14.85%. The company had revenue of $486.89 million during the quarter, compared to analysts' expectations of $467.14 million. During the same quarter in the previous year, the company earned $1.55 EPS. AZZ's revenue was up 16.7% on a year-over-year basis. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS. Equities analysts expect that AZZ Inc. will post 7.16 EPS for the current year.

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, October 19th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 19th. AZZ's payout ratio is currently 17.30%.

Insiders Place Their Bets

In other AZZ news, 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 completion of the sale, the chief operating officer 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 legal filing with the SEC, which is accessible through this hyperlink. Also, COO Bryan Lee Stovall sold 2,677 shares of the company's 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 sale, the chief operating officer owned 35,000 shares of the company's stock, valued at $5,252,450. The trade was a 7.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.70% of the stock is currently owned by insiders.

AZZ Profile

AZZ Inc is a provider of metal-coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals businesses, helping protect and enhance the performance, durability and appearance of steel and other metal products used across industrial and commercial markets.

AZZ's Metal Coatings business provides hot-dip galvanizing and other corrosion-protection services for fabricated steel products. Its offerings support infrastructure, transportation, utility, construction, industrial and agricultural applications.

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