Azz Inc Stock Fair Value – Principal Financial Group Sells Shares of AZZ
November 25, 2023
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Principal Financial Group Inc. recently sold shares of AZZ ($NYSE:AZZ) Inc., which is a publicly traded manufacturer and provider of specialized services for the power generation industry. AZZ Inc. is primarily engaged in providing products and services to the electric utility, industrial, mining, alternative energy, and transportation markets in both domestic and international markets. The company’s services include galvanizing, power delivery services, and custom manufacturing. The company’s galvanizing services provide hot-dip galvanizing for steel, stainless steel and aluminum coatings for corrosion protection. Its power delivery services include substation maintenance, installation and repair services, as well as engineering, integration, and testing services. AZZ Inc.’s custom manufacturing services cover a wide range of products, such as steel tanks, large stampings, fabrications, and weldments.
The company is dedicated to providing innovative solutions and services to customers in the electrical and industrial markets. With its stock trading on the New York Stock Exchange (NYSE), AZZ Inc. offers both retail and institutional investors the opportunity to invest in a rapidly growing company with a proven track record of success. Principal Financial Group Inc.’s decision to sell its shares of AZZ Inc. indicates the value and potential of this stock.
Market Price
On the same day, AZZ Inc.’s stock opened at $48.3 and closed at $49.0, representing a 0.8% increase from its prior closing price of $48.6. The uptick in the share price came despite the fact that Principal Financial Group Inc. had sold off some of its shares in the company. Whether the increase was due to investors expecting better performance from AZZ Inc. or other external factors remains to be seen. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Azz Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.5k | 22.97 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Azz Inc. More…
| Operations | Investing | Financing |
| 121.39 | 42.48 | -174.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Azz Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.21k | 1.32k | 35.81 |
Key Ratios Snapshot
Some of the financial key ratios for Azz Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.3% | 38.4% | 14.3% |
| FCF Margin | ROE | ROA |
| 2.7% | 15.1% | 6.1% |
Analysis – Azz Inc Stock Fair Value
We at GoodWhale have conducted an in-depth analysis of AZZ INC‘s fundamentals. Our proprietary Valuation Line suggests that the fair value of AZZ INC share is around $64.8. At the moment, AZZ INC stock is traded at $49.0 – a 24.4% discount compared to our calculated fair value. This means that AZZ INC shares are currently undervalued and could be a great investment opportunity. More…
Peers
Their main competitors in the field are Manaksia Coated Metals & Industries Ltd, KFM Kingdom Holdings Ltd, and Vinacomin – Minerals Holding Corp. All four companies provide unique services that offer solutions to their customers’ needs. By delivering quality products and services, they strive to meet the ever-changing demands of the global market.
– Manaksia Coated Metals & Industries Ltd ($BSE:539046)
Manaksia Coated Metals & Industries Ltd is an Indian industrial goods manufacturer and distributor. Founded in 1975, the company produces a range of products including packaging materials, insulation boards, and other industrial goods. With a market cap of 1.24B as of 2022, Manaksia Coated Metals & Industries Ltd is one of the leading industrial goods companies in India. The company has also achieved a Return on Equity (ROE) of 15.03%, which is a testament to the company’s financial strength and performance. The company’s strong performance has enabled it to consistently create value for its shareholders.
– KFM Kingdom Holdings Ltd ($SEHK:03816)
KFM Kingdom Holdings Ltd is a Hong Kong-based investment holding company established in 2006. The company specializes in property and infrastructure development, construction, property management, hotel operations and property investments. As of 2022, KFM Kingdom Holdings Ltd has a market cap of 114.6M, which indicates that the company is well-positioned to generate returns for its shareholders. Furthermore, the company boasts a Return on Equity of 6.87%, indicating a strong financial performance and healthy profitability.
Summary
Investors have taken notice of AZZ Inc. as of late with Principal Financial Group Inc. selling a significant portion of their shares. Analysts are bullish on AZZ Inc. stock, citing its strong financial performance over the past year and continued growth prospects. The company has increased its dividend per share for four consecutive years and the outlook for the stock is positive. Analysts are expecting the company to show further improvements in gross margin, return on equity, and cash flow.
In addition, the company’s expansion into new markets and products is likely to drive further profits and growth. Investors looking for a safe and attractive long-term play in the stock market should consider investing in AZZ Inc.
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