GAMMA Investing LLC Has $35,000 Position in AZZ Inc. $AZZ

GAMMA Investing LLC boosted its stake in shares of AZZ Inc. (NYSE:AZZ) by 39.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374 shares of the industrial products company’s stock after acquiring an additional 106 shares during the quarter. GAMMA Investing LLC’s holdings in AZZ were worth $35,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in AZZ during the second quarter worth $265,000. Hodges Capital Management Inc. acquired a new position in AZZ during the first quarter worth $1,411,000. Intech Investment Management LLC raised its stake in AZZ by 12.8% during the first quarter. Intech Investment Management LLC now owns 25,960 shares of the industrial products company’s stock worth $2,171,000 after acquiring an additional 2,945 shares in the last quarter. Jane Street Group LLC raised its stake in AZZ by 185.9% during the first quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 33,238 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AZZ by 21.7% during the first 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 worth $7,030,000 after acquiring an additional 14,965 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kurt L. Russell sold 10,321 shares of AZZ stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $112.21, for a total transaction of $1,158,119.41. Following the transaction, the insider owned 16,804 shares in the company, valued at $1,885,576.84. The trade was a 38.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas E. Ferguson sold 26,516 shares of AZZ stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $110.85, for a total value of $2,939,298.60. Following the transaction, the chief executive officer owned 183,182 shares in the company, valued at $20,305,724.70. This trade represents a 12.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,837 shares of company stock worth $5,195,318 in the last 90 days. Corporate insiders own 1.77% of the company’s stock.

AZZ Price Performance

Shares of AZZ opened at $108.43 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.10 and a debt-to-equity ratio of 0.47. AZZ Inc. has a 1 year low of $70.90 and a 1 year high of $119.95. The stock has a market cap of $3.25 billion, a P/E ratio of 12.56 and a beta of 1.30. The stock’s 50-day moving average price is $112.74 and its two-hundred day moving average price is $98.77.

AZZ (NYSE:AZZ) last issued its earnings results on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.19. AZZ had a return on equity of 15.54% and a net margin of 16.40%.The firm had revenue of $421.96 million for the quarter, compared to analysts’ expectations of $435.91 million. During the same quarter last year, the business earned $1.46 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. AZZ has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities analysts predict that AZZ Inc. will post 5.13 earnings per share for the current year.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. AZZ’s dividend payout ratio (DPR) is 9.27%.

Analyst Ratings Changes

Several research firms have issued reports on AZZ. Wells Fargo & Company upgraded AZZ to a “strong-buy” rating in a research note on Thursday, August 14th. B. Riley raised their target price on AZZ from $131.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Sidoti lowered AZZ from a “buy” rating to a “neutral” rating and set a $101.00 target price for the company. in a research note on Monday, June 9th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of AZZ in a research note on Saturday, September 27th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, AZZ has a consensus rating of “Buy” and an average target price of $116.43.

AZZ Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.