Wedge Capital Management L L P NC Makes New $2.12 Million Investment in AZZ Inc. $AZZ

Wedge Capital Management L L P NC bought a new stake in shares of AZZ Inc. (NYSE:AZZ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,782 shares of the industrial products company’s stock, valued at approximately $2,120,000. Wedge Capital Management L L P NC owned 0.07% of AZZ as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of AZZ by 8.8% during the first quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 1,024 shares in the last quarter. AQR Capital Management LLC boosted its position in AZZ by 26.2% during the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 1,290 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AZZ by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock worth $1,462,000 after acquiring an additional 771 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in AZZ by 21.7% during the 1st 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 in the last quarter. Finally, Jane Street Group LLC grew its stake 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 valued at $4,274,000 after acquiring an additional 33,238 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Activity at AZZ

In other news, CEO Thomas E. Ferguson sold 25,000 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the transaction, the chief executive officer owned 158,182 shares in the company, valued at $20,134,986.78. This represents a 13.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tara D. Mackey sold 2,923 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $136.00, for a total transaction of $397,528.00. Following the transaction, the insider owned 22,373 shares in the company, valued at $3,042,728. This represents a 11.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,281 shares of company stock valued at $4,239,080 over the last three months. Insiders own 1.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Evercore reissued an “outperform” rating and issued a $137.00 price target on shares of AZZ in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Robert W. Baird set a $125.00 price objective on shares of AZZ in a research note on Friday, January 9th. Wells Fargo & Company downgraded shares of AZZ from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $127.00 to $132.00 in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.00.

AZZ Stock Performance

Shares of AZZ stock opened at $121.27 on Tuesday. 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 fifty-two week low of $70.90 and a fifty-two week high of $141.18. The stock’s 50-day moving average is $128.49 and its two-hundred day moving average is $114.54. The firm has a market cap of $3.62 billion, a P/E ratio of 11.40 and a beta of 1.11.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. The business had revenue of $425.75 million during the quarter, compared to analyst estimates of $412.97 million. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts predict that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ announced that its Board of Directors has authorized a share repurchase program on Friday, January 30th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

AZZ Dividend Announcement

The firm also recently announced 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 0.7%. The ex-dividend date of this dividend was Thursday, February 5th. AZZ’s payout ratio is currently 7.52%.

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.