Algert Global LLC Raises Stock Position in AZZ Inc. $AZZ

Algert Global LLC grew its holdings in AZZ Inc. (NYSE:AZZ) by 671.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,670 shares of the industrial products company’s stock after acquiring an additional 74,560 shares during the period. Algert Global LLC owned about 0.29% of AZZ worth $9,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AZZ. Schonfeld Strategic Advisors LLC lifted its holdings in AZZ by 163.8% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 20,152 shares of the industrial products company’s stock worth $2,199,000 after purchasing an additional 12,512 shares in the last quarter. Creative Planning grew its holdings in AZZ by 55.1% during the 3rd quarter. Creative Planning now owns 10,618 shares of the industrial products company’s stock valued at $1,159,000 after buying an additional 3,774 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in AZZ during the 3rd quarter valued at approximately $205,000. Zacks Investment Management raised its position in shares of AZZ by 3.7% during the third quarter. Zacks Investment Management now owns 4,705 shares of the industrial products company’s stock valued at $514,000 after buying an additional 169 shares during the last quarter. Finally, Credit Agricole S A purchased a new position in shares of AZZ in the third quarter worth $3,666,000. Institutional investors own 90.93% of the company’s stock.

Insider Activity

In related news, CEO Thomas E. Ferguson sold 25,000 shares of AZZ stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tara D. Mackey sold 2,923 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $136.00, for a total transaction of $397,528.00. Following the transaction, the insider owned 22,373 shares in the company, valued at $3,042,728. The trade was a 11.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,281 shares of company stock valued at $4,239,080 in the last 90 days. Company insiders own 1.77% of the company’s stock.

AZZ Price Performance

NYSE:AZZ opened at $124.02 on Tuesday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 11.66 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.21. The business has a 50 day simple moving average of $127.74 and a 200-day simple moving average of $113.98. AZZ Inc. has a 1 year low of $70.90 and a 1 year high of $141.18.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 14.45% and a net margin of 19.89%.AZZ’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts forecast that AZZ Inc. will post 5.13 EPS for the current year.

AZZ announced that its Board of Directors has authorized a stock repurchase program on Friday, January 30th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

AZZ Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, February 5th. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. AZZ’s dividend payout ratio is currently 7.52%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $125.00 target price on shares of AZZ in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Noble Financial reiterated an “outperform” rating on shares of AZZ in a research note on Tuesday, February 17th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Wells Fargo & Company cut AZZ from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $127.00 to $132.00 in a report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.