De Lisle Partners LLP Invests $5.15 Million in AZZ Inc. $AZZ

Key Points

• De Lisle Partners LLP acquired 33,201 AZZ shares worth approximately $5.15 million during the second quarter, while institutional investors collectively owned 90.93% of the company.
• AZZ exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.80 consensus and revenue of $448.53 million, up 6.3% year over year. The company issued FY 2027 EPS guidance of $6.75–$7.15.
• AZZ increased its quarterly dividend from $0.20 to $0.24 per share, although two chief operating officers recently sold shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $155.25.

De Lisle Partners LLP acquired a new position in AZZ Inc. (NYSE:AZZ - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,201 shares of the industrial products company's stock, valued at approximately $5,148,000. De Lisle Partners LLP owned about 0.11% of AZZ at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in AZZ in the 2nd quarter worth approximately $719,876,000. SEB Asset Management AB bought a new position in shares of AZZ in the 1st quarter worth $45,297,000. Price T Rowe Associates Inc. MD raised its position in shares of AZZ by 861.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company's stock valued at $33,814,000 after buying an additional 282,676 shares in the last quarter. Wellington Management Group LLP raised its position in shares of AZZ by 93.2% during the 4th quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company's stock valued at $58,873,000 after buying an additional 264,956 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of AZZ during the 2nd quarter valued at $35,818,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

AZZ Trading Up 1.3%

Shares of AZZ opened at $141.30 on Friday. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 21.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The firm has a 50 day moving average price of $150.01 and a 200-day moving average price of $140.07.

AZZ (NYSE:AZZ - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $448.53 million during the quarter, compared to analysts' expectations of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The firm's revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities research analysts forecast that AZZ Inc. will post 6.93 earnings per share for the current year.

AZZ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from AZZ's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 9th. AZZ's payout ratio is 14.63%.

Insider Transactions at AZZ

In other news, COO Bryan Lee Stovall sold 2,677 shares of the business's stock in a transaction dated 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey Vellines sold 4,220 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total value of $647,981.00. Following the sale, the chief operating officer owned 1,834 shares of the company's stock, valued at $281,610.70. This represents a 69.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AZZ shares. Evercore reiterated an "outperform" rating and issued a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Wells Fargo & Company raised their price target on AZZ from $138.00 to $144.00 and gave the company an "equal weight" rating in a research report on Friday, July 10th. Wall Street Zen lowered AZZ from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Weiss Ratings lowered AZZ from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, July 9th. Finally, B. Riley Financial upped their price objective on AZZ from $169.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $155.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source