Capital International Investors Increases Position in AZZ Inc. $AZZ

Capital International Investors boosted its stake in shares of AZZ Inc. (NYSE:AZZ) by 8.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,961,247 shares of the industrial products company’s stock after buying an additional 157,529 shares during the period. Capital International Investors owned 6.53% of AZZ worth $214,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of AZZ by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 162,812 shares of the industrial products company’s stock worth $17,768,000 after buying an additional 14,430 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of AZZ during the 3rd quarter valued at about $1,032,000. Robeco Schweiz AG acquired a new position in AZZ in the 3rd quarter worth $4,365,000. Assenagon Asset Management S.A. acquired a new position in shares of AZZ in the third quarter worth about $1,671,000. Finally, Convergence Investment Partners LLC acquired a new position in shares of AZZ in the 3rd quarter valued at approximately $1,000,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company cut AZZ from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $127.00 to $132.00 in a research note on Monday, March 2nd. Evercore reiterated an “outperform” rating and set a $137.00 price target on shares of AZZ in a research report on Wednesday, March 4th. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Robert W. Baird set a $125.00 target price on AZZ in a report on Friday, January 9th. Finally, Noble Financial restated an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AZZ has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Insider Activity at AZZ

In related news, CEO Thomas E. Ferguson sold 25,000 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 158,182 shares in the company, valued at approximately $20,134,986.78. This trade represents a 13.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the insider directly owned 22,373 shares in the company, valued at approximately $3,042,728. This trade represents a 11.56% decrease in their ownership of the stock. 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. Company insiders own 1.77% of the company’s stock.

AZZ Stock Down 0.1%

AZZ stock opened at $125.98 on Thursday. 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 firm has a market cap of $3.76 billion, a PE ratio of 11.84 and a beta of 1.11. AZZ Inc. has a 1 year low of $70.90 and a 1 year high of $141.18. The company has a fifty day simple moving average of $126.91 and a 200 day simple moving average of $113.83.

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

AZZ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 5th were paid a $0.20 dividend. The ex-dividend date was Thursday, February 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. AZZ’s payout ratio is presently 7.52%.

AZZ declared that its board has approved a stock buyback program on Friday, January 30th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.