Insider Trading Report: AZZ Inc (AZZ)

Ken Lavelle, President at AZZ Inc (AZZ), recently added 2,000 shares. The buy increased his holdings by nearly 9 percent, and came to a total cost just over $69,000.

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  • The buy comes a few days after the company COO picked up 3,000 shares, for just over $100,000. And the company CFO has also been a recent buyer of stock, also with a 3,000 share buy. The company CEO also bought 5,000 shares back in August, at a higher price than where shares trade today.

    Overall, insiders own 1.7 percent of shares.

    Shares of the specialty metal fabricator have dropped by one-third in the past year, even as revenue has soared by nearly 210 percent thanks to soaring commodity prices. That’s resulted in share trading for just under 10 times earnings right now, down from 24 times a year ago.

    Action to take: Commodities tend to be cyclical, and there’s still strong demand, even with shares selling off amid an economic slowdown. But with the company CEO and CFO buying shares now, the stock looks like a reasonable value with upside ahead. Plus, shares yield about 2 percent at today’s prices.

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  • For traders, the long-term trend is down. So a longer-term put option like the February $30 puts, last going for $0.70, may make a good trade for that trend. The position could likely deliver mid-double-digit gains, particularly on a major down day for the stock.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.