Maryland State Retirement & Pension System Has $471,000 Position in AZZ Inc. $AZZ

Maryland State Retirement & Pension System cut its holdings in AZZ Inc. (NYSE:AZZ) by 50.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,315 shares of the industrial products company’s stock after selling 4,476 shares during the quarter. Maryland State Retirement & Pension System’s holdings in AZZ were worth $471,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AZZ. Huntington National Bank lifted its stake in shares of AZZ by 206.7% in the 2nd 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 last quarter. Osterweis Capital Management Inc. bought a new position in AZZ during the second quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in AZZ during the second quarter valued at about $34,000. GAMMA Investing LLC lifted its position in shares of AZZ by 39.6% in the second quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after buying an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of AZZ by 1,145.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 859 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Robert W. Baird set a $125.00 price objective on AZZ in a research note on Friday, January 9th. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Wells Fargo & Company decreased their price objective on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

AZZ Stock Performance

AZZ opened at $123.45 on Friday. AZZ Inc. has a 1 year low of $70.90 and a 1 year high of $127.88. 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 stock has a market cap of $3.69 billion, a PE ratio of 11.60 and a beta of 1.13. The stock’s 50 day simple moving average is $110.53 and its 200-day simple moving average is $108.94.

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

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 paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, February 5th. AZZ’s payout ratio is currently 7.52%.

Insider Buying and Selling at AZZ

In related news, insider Tara D. Mackey sold 2,790 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $126.64, for a total transaction of $353,325.60. Following the completion of the sale, the insider owned 25,296 shares in the company, valued at $3,203,485.44. This trade represents a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 5,358 shares of company stock valued at $659,302. 1.77% of the stock is currently owned by corporate insiders.

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.