Tredje AP fonden Decreases Position in AZZ Inc. $AZZ

Tredje AP fonden decreased its holdings in AZZ Inc. (NYSE:AZZ) by 34.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,458 shares of the industrial products company’s stock after selling 6,012 shares during the period. Tredje AP fonden’s holdings in AZZ were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Huntington National Bank boosted its holdings 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 purchasing an additional 184 shares during the period. Osterweis Capital Management Inc. acquired a new stake in AZZ in the 2nd quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of AZZ in the 2nd quarter valued at about $34,000. Assetmark Inc. purchased a new position in shares of AZZ in the 3rd quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC grew its position in shares of AZZ by 40.1% during 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 in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AZZ

In other news, CEO Thomas E. Ferguson sold 25,000 shares of the business’s stock in a transaction dated 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. The trade was a 13.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tara D. Mackey sold 2,923 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $136.00, for a total value of $397,528.00. Following the completion of the sale, the insider directly owned 22,373 shares of the company’s stock, valued at approximately $3,042,728. This trade represents a 11.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,281 shares of company stock worth $4,239,080 in the last quarter. Insiders own 1.77% of the company’s stock.

Analyst Ratings Changes

AZZ has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Robert W. Baird set a $125.00 price objective on shares of AZZ in a research report on Friday, January 9th. Finally, Noble Financial reissued an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, AZZ has a consensus rating of “Moderate Buy” and an average target price of $119.00.

AZZ Stock Down 0.3%

Shares of NYSE:AZZ opened at $134.82 on Monday. The firm has a 50 day simple moving average of $121.24 and a 200-day simple moving average of $112.17. AZZ Inc. has a twelve month low of $70.90 and a twelve month high of $141.18. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.03 billion, a PE ratio of 12.67 and a beta of 1.13.

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

AZZ declared that its Board of Directors has approved a share repurchase plan on Friday, January 30th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

AZZ Announces Dividend

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

About AZZ

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.