9,162 Shares in AZZ Inc. $AZZ Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC purchased a new position in AZZ Inc. (NYSE:AZZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,162 shares of the industrial products company’s stock, valued at approximately $1,000,000.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of AZZ by 8.8% during the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 1,024 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of AZZ by 26.2% in the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 1,290 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AZZ by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 771 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of AZZ by 21.7% in 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 buying an additional 14,965 shares during the period. Finally, Jane Street Group LLC grew its position in AZZ by 185.9% during the 1st quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after purchasing an additional 33,238 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Transactions at AZZ

In other news, insider Tara D. Mackey sold 2,790 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $126.64, for a total transaction of $353,325.60. Following the completion of the transaction, the insider directly owned 25,296 shares in the company, valued at approximately $3,203,485.44. The trade was a 9.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 5,358 shares of company stock worth $659,302 in the last quarter. 1.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AZZ. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research 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 target on shares of AZZ in a research note on Friday, January 9th. Finally, Wells Fargo & Company reduced their price objective on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.17.

AZZ Trading Up 2.8%

Shares of AZZ stock opened at $127.77 on Tuesday. AZZ Inc. has a 12-month low of $70.90 and a 12-month high of $128.18. The company has a 50-day simple moving average of $113.42 and a 200 day simple moving average of $109.78. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.81 billion, a P/E ratio of 12.01 and a beta of 1.13.

AZZ (NYSE:AZZ) last announced its earnings results 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. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The company had revenue of $425.75 million during the quarter, compared to analyst estimates of $412.97 million. During the same period last year, the company posted $1.39 earnings per share. The firm’s quarterly 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. Research analysts expect that AZZ Inc. will post 5.13 earnings per share for the current fiscal year.

AZZ announced that its board has initiated a stock buyback plan on Friday, January 30th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders 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 annualized dividend and a dividend yield of 0.6%. AZZ’s payout ratio is presently 7.52%.

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.