Emerald Investment Advisers LLC bought a new position in AZZ Inc. (NYSE:AZZ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,273 shares of the industrial products company's stock, valued at approximately $5,934,000. Emerald Investment Advisers LLC owned about 0.13% of AZZ as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings 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 purchasing an additional 124 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of AZZ in the second quarter worth $30,000. Kilter Group LLC bought a new stake in shares of AZZ during the 2nd quarter worth $33,000. Kestra Advisory Services LLC bought a new stake in shares of AZZ during the 4th quarter worth $38,000. Finally, Clearstead Advisors LLC grew its stake in AZZ by 184.3% in the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company's stock valued at $39,000 after buying an additional 234 shares during the last quarter. Institutional investors own 90.93% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of AZZ from $138.00 to $144.00 and gave the stock an "equal weight" rating in a report on Friday, July 10th. B. Riley Financial upped their price target on shares of AZZ from $169.00 to $170.00 and gave the company a "buy" rating in a report on Monday, July 13th. Robert W. Baird raised their price target on AZZ from $125.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, April 24th. Wall Street Zen lowered AZZ from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Finally, Weiss Ratings cut AZZ from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $155.25.
View Our Latest Research Report on AZZ
AZZ Trading Up 1.3%
Shares of AZZ stock opened at $141.30 on Friday. AZZ Inc. has a 1 year low of $92.98 and a 1 year high of $162.20. The company's fifty day simple moving average is $150.01 and its 200-day simple moving average is $140.07. The company 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 current ratio of 1.92, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.
AZZ (NYSE:AZZ - Get Free Report) last released its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.80 by $0.05. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The firm had revenue of $448.53 million during the quarter, compared to analysts' expectations of $434.58 million. During the same period in the prior year, the company earned $1.78 EPS. The business's quarterly 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. As a group, sell-side analysts expect that AZZ Inc. will post 6.93 EPS 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 given a dividend of $0.24 per share. This is an increase 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%. The ex-dividend date of this dividend was Thursday, July 9th. AZZ's dividend payout ratio (DPR) is currently 14.63%.
Insider Activity
In related news, 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 completion of the sale, the chief operating officer owned 1,834 shares in the company, valued at approximately $281,610.70. This trade represents a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Lee Stovall sold 2,677 shares of AZZ 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 sale, the chief operating officer directly owned 35,000 shares in the company, valued at approximately $5,252,450. This trade 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 Company Profile
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Free Report)
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.
See Also
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