De Lisle Partners LLP Invests $5.15 Million in AZZ Inc. $AZZ

De Lisle Partners LLP acquired a new position in AZZ Inc. (NYSE:AZZ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,201 shares of the industrial products company’s stock, valued at approximately $5,148,000. De Lisle Partners LLP owned about 0.11% of AZZ at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in AZZ in the 2nd quarter worth approximately $719,876,000. SEB Asset Management AB bought a new position in shares of AZZ in the 1st quarter worth $45,297,000. Price T Rowe Associates Inc. MD raised its position in shares of AZZ by 861.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock valued at $33,814,000 after buying an additional 282,676 shares in the last quarter. Wellington Management Group LLP raised its position in shares of AZZ by 93.2% during the 4th quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after buying an additional 264,956 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of AZZ during the 2nd quarter valued at $35,818,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

AZZ Trading Up 1.3%

Shares of AZZ opened at $141.30 on Friday. The firm 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 debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. AZZ Inc. has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The firm has a 50 day moving average price of $150.01 and a 200-day moving average price of $140.07.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.05. The company had revenue of $448.53 million during the quarter, compared to analysts’ expectations of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities research analysts forecast that AZZ Inc. will post 6.93 earnings per share 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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 9th. AZZ’s payout ratio is 14.63%.

Insider Transactions at AZZ

In other news, COO Bryan Lee Stovall sold 2,677 shares of the business’s 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 completion of the sale, the chief operating officer owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. The trade was a 7.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the chief operating officer owned 1,834 shares of the company’s stock, valued at $281,610.70. This represents a 69.71% 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.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AZZ shares. Evercore reiterated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Wells Fargo & Company raised their price target on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings lowered AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. Finally, B. Riley Financial upped their price objective on AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.25.

AZZ 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.