129,375 Shares in AZZ Inc. $AZZ Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ purchased a new position in AZZ Inc. (NYSE:AZZ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 129,375 shares of the industrial products company’s stock, valued at approximately $14,119,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Huntington National Bank increased its stake in AZZ by 206.7% in the second quarter. Huntington National Bank now owns 273 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 184 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of AZZ in the 2nd quarter valued at $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of AZZ in the 2nd quarter valued at $34,000. Assetmark Inc. acquired a new position in shares of AZZ during the 3rd quarter worth $46,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of AZZ by 40.1% during the 3rd 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 and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas E. Ferguson sold 25,000 shares of the stock in a transaction on Tuesday, February 3rd. The stock was 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 approximately $20,134,986.78. This represents a 13.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tara D. Mackey sold 2,923 shares of the firm’s stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. Insiders sold 33,281 shares of company stock worth $4,239,080 in the last 90 days. Corporate insiders own 1.77% of the company’s stock.

AZZ Stock Down 3.2%

Shares of NYSE:AZZ opened at $133.25 on Thursday. AZZ Inc. has a 1 year low of $70.90 and a 1 year high of $141.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.21. The business’s 50-day moving average is $120.18 and its 200-day moving average is $111.76. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 12.52 and a beta of 1.13.

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

AZZ announced that its board has approved a share 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 buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

AZZ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 5th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. AZZ’s dividend payout ratio is 7.52%.

Analysts Set New Price Targets

Several brokerages have commented on AZZ. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research note on Monday, December 29th. Noble Financial reiterated an “outperform” rating on shares of AZZ in a research report on Tuesday. Robert W. Baird set a $125.00 target price on shares of AZZ in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AZZ presently has an average rating of “Moderate Buy” and an average target price of $119.00.

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.