Deutsche Bank AG Has $2.10 Million Holdings in AZZ Inc. $AZZ

Key Points

• Deutsche Bank AG reduced its stake in AZZ Inc. by 45.4%, leaving it with approximately $2.10 million in holdings after selling over 20,000 shares during the first quarter.
• AZZ has received mixed ratings from analysts, with a consensus price target of $112.29, reflecting two "Strong Buy" and five "Buy" ratings, alongside three "Hold" ratings.
• The company reported a quarterly earnings per share (EPS) of $1.78, exceeding estimates, and has announced an increase in its quarterly dividend to $0.20 per share.

Deutsche Bank AG cut its position in shares of AZZ Inc. (NYSE:AZZ - Free Report) by 45.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,165 shares of the industrial products company's stock after selling 20,926 shares during the quarter. Deutsche Bank AG owned about 0.08% of AZZ worth $2,104,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of AZZ by 2.8% during the fourth quarter. Wells Fargo & Company MN now owns 31,854 shares of the industrial products company's stock valued at $2,610,000 after buying an additional 875 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of AZZ by 20.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,749 shares of the industrial products company's stock valued at $799,000 after buying an additional 1,685 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of AZZ during the fourth quarter valued at about $5,052,000. Barclays PLC grew its holdings in shares of AZZ by 3.8% during the fourth quarter. Barclays PLC now owns 53,402 shares of the industrial products company's stock valued at $4,375,000 after buying an additional 1,944 shares during the last quarter. Finally, GeoWealth Management LLC grew its holdings in shares of AZZ by 11,448.0% during the fourth quarter. GeoWealth Management LLC now owns 2,887 shares of the industrial products company's stock valued at $237,000 after buying an additional 2,862 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AZZ has been the topic of several analyst reports. Evercore ISI boosted their price target on shares of AZZ from $90.00 to $108.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Noble Financial restated an "outperform" rating on shares of AZZ in a report on Monday, July 14th. Wall Street Zen upgraded shares of AZZ from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Zacks Research cut shares of AZZ from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Sidoti cut shares of AZZ from a "buy" rating to a "neutral" rating and set a $101.00 price target on the stock. in a report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $112.29.

AZZ Stock Performance

NYSE AZZ opened at $112.6720 on Thursday. The company's 50 day moving average is $103.69 and its 200-day moving average is $93.98. AZZ Inc. has a 12-month low of $70.90 and a 12-month high of $117.35. The company has a quick ratio of 1.10, a current ratio of 1.51 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.38 billion, a P/E ratio of 13.06 and a beta of 1.30.

AZZ (NYSE:AZZ - Get Free Report) last posted its quarterly earnings results on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.19. The company had revenue of $421,962 billion for the quarter, compared to analyst estimates of $435.91 million. AZZ had a net margin of 16.40% and a return on equity of 15.54%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. AZZ has set its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts predict that AZZ Inc. will post 5.13 earnings per share for the current year.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, July 10th. This is a positive change from AZZ's previous quarterly dividend of $0.17. AZZ's payout ratio is currently 9.27%.

Insider Transactions at AZZ

In related news, CEO Thomas E. Ferguson sold 26,516 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $110.85, for a total transaction of $2,939,298.60. Following the transaction, the chief executive officer owned 183,182 shares of the company's stock, valued at approximately $20,305,724.70. This trade represents a 12.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Bryan Lee Stovall sold 5,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $111.60, for a total transaction of $558,000.00. Following the transaction, the chief operating officer directly owned 22,709 shares in the company, valued at approximately $2,534,324.40. This represents a 18.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,837 shares of company stock valued at $5,195,318 in the last quarter. Insiders own 1.77% of the company's stock.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.

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