TD Asset Management Inc Sells 7,190 Shares of AZZ Inc. $AZZ

TD Asset Management Inc reduced its position in AZZ Inc. (NYSE:AZZ) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,308 shares of the industrial products company’s stock after selling 7,190 shares during the period. TD Asset Management Inc owned approximately 0.13% of AZZ worth $4,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Huntington National Bank lifted its stake in shares of 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 buying an additional 184 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in AZZ in the 2nd quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in AZZ in the 2nd quarter valued at about $34,000. Assetmark Inc. acquired a new position in AZZ during the 3rd quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 131 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

AZZ Stock Down 2.4%

AZZ stock opened at $131.31 on Wednesday. The stock has a fifty day moving average of $124.81 and a 200-day moving average of $113.25. AZZ Inc. has a fifty-two week low of $70.90 and a fifty-two week high of $141.18. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 12.34 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.66.

AZZ (NYSE:AZZ) last announced its quarterly 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 company had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $412.97 million. During the same period in the prior year, the company posted $1.39 EPS. AZZ’s revenue was up 5.5% compared to the same quarter last year. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts predict that AZZ Inc. will post 5.13 earnings per share for the current year.

AZZ announced that its Board of Directors has authorized a share buyback program on Friday, January 30th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

AZZ Announces Dividend

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

Insider Transactions at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 158,182 shares of the company’s stock, valued at $20,134,986.78. This trade represents a 13.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tara D. Mackey sold 2,923 shares of the company’s stock in a transaction 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 approximately $3,042,728. The trade was a 11.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,281 shares of company stock worth $4,239,080. Insiders own 1.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AZZ shares. Robert W. Baird set a $125.00 target price on AZZ in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Wells Fargo & Company lowered shares of AZZ from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $127.00 to $132.00 in a research note on Monday. Noble Financial reissued an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.20.

AZZ Company 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.