AZZ (NYSE:AZZ) Insider Tara Mackey Sells 1,000 Shares

AZZ Inc. (NYSE:AZZGet Free Report) insider Tara Mackey sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $118.71, for a total transaction of $118,710.00. Following the sale, the insider directly owned 29,654 shares of the company’s stock, valued at approximately $3,520,226.34. This trade represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

AZZ Stock Performance

NYSE AZZ opened at $121.26 on Tuesday. The firm’s 50 day simple moving average is $106.40 and its 200 day simple moving average is $107.49. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 11.40 and a beta of 1.13. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. AZZ Inc. has a 1 year low of $70.90 and a 1 year high of $122.95.

AZZ (NYSE:AZZGet Free Report) last issued its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The firm had revenue of $425.75 million for the quarter, compared to the consensus estimate of $412.97 million. During the same quarter last year, the business posted $1.39 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts expect that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.80 annualized dividend and a yield of 0.7%. AZZ’s payout ratio is presently 7.52%.

Institutional Trading of AZZ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of AZZ by 8.8% in the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock valued at $1,055,000 after purchasing an additional 1,024 shares during the last quarter. AQR Capital Management LLC lifted its holdings in AZZ by 26.2% in the first quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock valued at $519,000 after buying an additional 1,290 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AZZ by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock valued at $1,462,000 after buying an additional 771 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in AZZ by 21.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company’s stock valued at $7,030,000 after acquiring an additional 14,965 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in AZZ by 185.9% during the 1st quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 33,238 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

More AZZ News

Here are the key news stories impacting AZZ this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AZZ shares. Wells Fargo & Company lowered their price objective on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Robert W. Baird set a $125.00 price objective on AZZ in a research note on Friday. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, B. Riley raised their price target on shares of AZZ from $131.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, AZZ currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

Read Our Latest Report on AZZ

AZZ Company Profile

(Get 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.

Further Reading

Insider Buying and Selling by Quarter for AZZ (NYSE:AZZ)

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