Envestnet Asset Management Inc. Has $2.82 Million Position in AZZ Inc. $AZZ

Envestnet Asset Management Inc. boosted its holdings in shares of AZZ Inc. (NYSE:AZZ) by 148.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,871 shares of the industrial products company’s stock after acquiring an additional 15,478 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.09% of AZZ worth $2,823,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AZZ. Huntington National Bank raised its holdings in shares of 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 purchasing an additional 184 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in AZZ during the second quarter worth $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in AZZ during the second quarter valued at about $34,000. EverSource Wealth Advisors LLC lifted its position in shares of AZZ by 1,145.3% in the second quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock worth $88,000 after buying an additional 859 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of AZZ by 575.7% during the 3rd quarter. Covestor Ltd now owns 973 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 829 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

AZZ Price Performance

NYSE:AZZ opened at $134.27 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.21. AZZ Inc. has a one year low of $70.90 and a one year high of $141.18. The company has a fifty day moving average price of $122.80 and a 200 day moving average price of $112.67. The stock has a market cap of $4.01 billion, a P/E ratio of 12.62 and a beta of 1.13.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.09. AZZ had a net margin of 19.89% and a return on equity of 14.45%. 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 firm posted $1.39 EPS. The business’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. Analysts anticipate that AZZ Inc. will post 5.13 earnings per share for the current year.

AZZ Announces Dividend

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

AZZ announced that its board has authorized a share 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 purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AZZ. Robert W. Baird set a $125.00 price objective on AZZ in a research note on Friday, January 9th. Noble Financial reissued an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, AZZ presently has an average rating of “Moderate Buy” and an average target price of $119.00.

Insider Buying and Selling at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 25,000 shares of AZZ 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 sale, the chief executive officer owned 158,182 shares in the company, valued at $20,134,986.78. The trade was a 13.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tara D. Mackey sold 2,923 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $136.00, for a total transaction of $397,528.00. Following the completion of the sale, the insider directly owned 22,373 shares in the company, valued at $3,042,728. This trade represents a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,281 shares of company stock valued at $4,239,080. 1.77% of the stock is 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.