Alps Advisors Inc. Invests $425,000 in AZZ Inc. $AZZ

Alps Advisors Inc. purchased a new stake in shares of AZZ Inc. (NYSE:AZZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,890 shares of the industrial products company’s stock, valued at approximately $425,000.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank grew its stake in AZZ by 206.7% during the 2nd quarter. Huntington National Bank now owns 273 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 184 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of AZZ during the second quarter worth approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in AZZ during the second quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its position in AZZ by 1,145.3% during the second quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 859 shares in the last quarter. Finally, Covestor Ltd increased its stake in AZZ by 575.7% in the 3rd quarter. Covestor Ltd now owns 973 shares of the industrial products company’s stock valued at $107,000 after buying an additional 829 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

AZZ Stock Up 1.8%

AZZ opened at $140.30 on Friday. The firm has a market cap of $4.19 billion, a P/E ratio of 13.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.66. The business has a 50 day moving average price of $118.33 and a 200 day moving average price of $111.17. AZZ Inc. has a twelve month low of $70.90 and a twelve month high of $141.18.

AZZ (NYSE:AZZ) last released 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. The company had revenue of $425.75 million for the quarter, compared to analyst estimates of $412.97 million. AZZ had a net margin of 19.89% and a return on equity of 14.45%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts forecast that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 5th. AZZ’s dividend payout ratio (DPR) is currently 7.52%.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AZZ. Robert W. Baird set a $125.00 target price on shares of AZZ in a research note on Friday, January 9th. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Insider Activity

In other news, insider Tara D. Mackey sold 2,923 shares of AZZ stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $136.00, for a total value of $397,528.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas E. Ferguson sold 25,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 33,281 shares of company stock worth $4,239,080. 1.77% of the stock is currently owned by company 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.