Deutsche Bank AG Acquires Shares of 32,989 AZZ Inc. $AZZ

Key Points

• Deutsche Bank acquired 32,989 shares of AZZ worth approximately $5.1 million, giving it a 0.11% stake. Institutional investors collectively own 90.93% of the company.
• Analyst sentiment remains favorable, with four Buy ratings and two Hold ratings. AZZ has a “Moderate Buy” consensus rating and an average price target of $155.25.
• AZZ exceeded quarterly expectations with $1.85 in EPS and $448.5 million in revenue, while revenue rose 6.3% year over year. The company also increased its quarterly dividend from $0.20 to $0.24 per share.

Deutsche Bank AG bought a new stake in shares of AZZ Inc. (NYSE:AZZ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,989 shares of the industrial products company's stock, valued at approximately $5,115,000. Deutsche Bank AG owned about 0.11% of AZZ at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. grew its position in AZZ by 92.5% during the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company's stock valued at $28,000 after buying an additional 124 shares during the period. Osterweis Capital Management Inc. bought a new stake in AZZ in the second quarter worth about $30,000. Kestra Advisory Services LLC bought a new stake in AZZ in the fourth quarter worth about $38,000. Clearstead Advisors LLC boosted its stake in AZZ by 184.3% in the fourth quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 234 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in AZZ by 55.9% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 137 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Evercore reissued an "outperform" rating and set a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Weiss Ratings downgraded AZZ from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, July 9th. Wall Street Zen lowered AZZ from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. B. Riley Financial raised 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. Finally, Wells Fargo & Company boosted 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. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, AZZ has a consensus rating of "Moderate Buy" and an average price target of $155.25.

Insider Buying and Selling

In related news, COO Jeffrey Vellines sold 4,220 shares of the company'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 transaction of $647,981.00. Following the sale, the chief operating officer owned 1,834 shares of the company's stock, valued at approximately $281,610.70. This represents a 69.71% decrease in their position. The transaction 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 stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $150.07, for a total transaction of $401,737.39. Following the completion of the sale, the chief operating officer owned 35,000 shares in the company, valued at $5,252,450. This represents a 7.11% 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.

AZZ Price Performance

Shares of NYSE AZZ opened at $140.76 on Tuesday. The stock has a market cap of $4.23 billion, a PE ratio of 21.46 and a beta of 1.12. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. The stock has a fifty day moving average of $149.79 and a 200-day moving average of $140.25.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.05. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The business had revenue of $448.53 million for the quarter, compared to analysts' expectations of $434.58 million. During the same quarter in the prior year, the firm posted $1.78 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Equities research analysts anticipate that AZZ Inc. will post 6.93 earnings per share for the current year.

AZZ Increases Dividend

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

AZZ Company 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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