1,275 Shares in AZZ Inc. (NYSE:AZZ) Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale purchased a new stake in shares of AZZ Inc. (NYSE:AZZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,275 shares of the industrial products company’s stock, valued at approximately $100,000.

A number of other institutional investors also recently modified their holdings of the company. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of AZZ during the 1st quarter worth $32,000. CWM LLC boosted its holdings in AZZ by 69.4% during the second quarter. CWM LLC now owns 459 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 188 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of AZZ in the second quarter valued at about $72,000. FSC Wealth Advisors LLC grew its position in shares of AZZ by 38.6% in the second quarter. FSC Wealth Advisors LLC now owns 951 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 265 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of AZZ in the first quarter worth about $77,000. Institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling

In other AZZ news, COO Bryan Lee Stovall sold 14,545 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $84.79, for a total value of $1,233,270.55. Following the sale, the chief operating officer now directly owns 20,000 shares in the company, valued at $1,695,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Tara D. Mackey sold 331 shares of AZZ stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $83.50, for a total transaction of $27,638.50. Following the completion of the transaction, the insider now directly owns 34,229 shares of the company’s stock, valued at approximately $2,858,121.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Lee Stovall sold 14,545 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $84.79, for a total transaction of $1,233,270.55. Following the completion of the transaction, the chief operating officer now owns 20,000 shares in the company, valued at $1,695,800. The disclosure for this sale can be found here. Insiders purchased 1,511 shares of company stock worth $52,794 in the last 90 days. 2.10% of the stock is owned by company insiders.

AZZ Stock Down 0.9 %

AZZ opened at $81.88 on Friday. The company has a market capitalization of $2.44 billion, a P/E ratio of 76.52, a P/E/G ratio of 1.08 and a beta of 1.24. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.89 and a quick ratio of 1.28. The firm’s fifty day moving average price is $79.15 and its two-hundred day moving average price is $78.07. AZZ Inc. has a fifty-two week low of $43.48 and a fifty-two week high of $88.67.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, July 10th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.16. The company had revenue of $413.21 million during the quarter, compared to the consensus estimate of $403.25 million. AZZ had a net margin of 7.22% and a return on equity of 17.08%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, analysts anticipate that AZZ Inc. will post 4.93 EPS for the current year.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.83%. AZZ’s payout ratio is presently 63.55%.

Wall Street Analyst Weigh In

AZZ has been the topic of a number of research analyst reports. Evercore ISI assumed coverage on AZZ in a report on Friday, June 14th. They issued an “outperform” rating and a $90.00 target price on the stock. Baird R W upgraded shares of AZZ to a “hold” rating in a research note on Tuesday, July 23rd. Noble Financial upgraded shares of AZZ from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a research note on Tuesday, June 11th. Robert W. Baird initiated coverage on shares of AZZ in a report on Tuesday, July 23rd. They issued a “neutral” rating and a $90.00 price target for the company. Finally, B. Riley boosted their price objective on shares of AZZ from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.80.

AZZ Profile

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.