Nordea Investment Management AB Sells 12,076 Shares of AZZ Inc. $AZZ

Nordea Investment Management AB decreased its holdings in shares of AZZ Inc. (NYSE:AZZ) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 86,688 shares of the industrial products company’s stock after selling 12,076 shares during the period. Nordea Investment Management AB’s holdings in AZZ were worth $9,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AZZ. Osterweis Capital Management Inc. acquired a new stake in shares of AZZ in the 2nd quarter valued at $30,000. Assetmark Inc. acquired a new position in AZZ during the third quarter worth $46,000. Huntington National Bank raised its holdings in AZZ by 56.8% during the third quarter. Huntington National Bank now owns 428 shares of the industrial products company’s stock valued at $47,000 after buying an additional 155 shares in the last quarter. Quarry LP raised its holdings in AZZ by 219.9% during the third quarter. Quarry LP now owns 435 shares of the industrial products company’s stock valued at $47,000 after buying an additional 299 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of AZZ by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock worth $50,000 after buying an additional 131 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Up 3.1%

AZZ stock opened at $128.35 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.21. AZZ Inc. has a 52-week low of $70.90 and a 52-week high of $141.18. The company has a 50-day moving average of $128.52 and a two-hundred day moving average of $114.42. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 12.06 and a beta of 1.11.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.52 EPS for the quarter, topping 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 business had revenue of $425.75 million for the quarter, compared to analyst estimates of $412.97 million. During the same period in the previous year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts anticipate that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 5th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, February 5th. AZZ’s payout ratio is currently 7.52%.

AZZ announced that its board has initiated a stock repurchase program on Friday, January 30th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AZZ shares. Robert W. Baird set a $125.00 price target on AZZ in a research note on Friday, January 9th. Evercore reissued an “outperform” rating and issued a $137.00 price objective on shares of AZZ in a research note on Wednesday, March 4th. Wells Fargo & Company lowered AZZ from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $127.00 to $132.00 in a report on Monday, March 2nd. Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AZZ currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Insider Activity at AZZ

In other news, insider Tara D. Mackey sold 2,923 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $136.00, for a total transaction of $397,528.00. Following the completion of the transaction, the insider directly owned 22,373 shares in the company, valued at $3,042,728. The trade was a 11.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas E. Ferguson sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $127.29, for a total value of $3,182,250.00. Following the completion of the sale, the chief executive officer directly owned 158,182 shares of the company’s stock, valued at $20,134,986.78. This represents a 13.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 33,281 shares of company stock worth $4,239,080. Company insiders own 1.77% of the company’s stock.

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.