Dimensional Fund Advisors LP Sells 36,504 Shares of AZZ Inc. $AZZ

Dimensional Fund Advisors LP decreased its holdings in AZZ Inc. (NYSE:AZZ) by 3.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,132,631 shares of the industrial products company’s stock after selling 36,504 shares during the period. Dimensional Fund Advisors LP owned approximately 3.77% of AZZ worth $123,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Osterweis Capital Management Inc. bought a new stake in AZZ in the second quarter worth $30,000. Assetmark Inc. bought a new position in shares of AZZ during the third quarter valued at about $46,000. Huntington National Bank increased its holdings in shares of AZZ by 56.8% in the third quarter. Huntington National Bank now owns 428 shares of the industrial products company’s stock worth $47,000 after buying an additional 155 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of AZZ by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock worth $50,000 after buying an additional 131 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of AZZ by 1,145.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 859 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling

In other AZZ news, CEO Thomas E. Ferguson sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tara D. Mackey sold 2,923 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $136.00, for a total transaction of $397,528.00. Following the completion of the transaction, the insider owned 22,373 shares of the company’s stock, valued at $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. In the last 90 days, insiders have sold 33,281 shares of company stock valued at $4,239,080. 1.77% of the stock is owned by corporate insiders.

AZZ Stock Performance

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 P/E 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 firm has a 50-day moving average of $126.91 and a 200-day moving average of $113.83.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $412.97 million. During the same quarter in the previous year, the business earned $1.39 EPS. AZZ’s 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. Sell-side analysts expect that AZZ Inc. will post 5.13 EPS for the current year.

AZZ declared that its Board of Directors has initiated a stock repurchase plan on Friday, January 30th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

AZZ Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AZZ shares. Evercore restated an “outperform” rating and set a $137.00 target price on shares of AZZ in a report on Wednesday, March 4th. Wells Fargo & Company cut AZZ from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $127.00 to $132.00 in a research note on Monday, March 2nd. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Noble Financial restated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, AZZ presently has an average rating of “Moderate Buy” and an average target price of $127.00.

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.