Public Sector Pension Investment Board Boosts Position in AZZ Inc. $AZZ

Public Sector Pension Investment Board lifted its holdings in shares of AZZ Inc. (NYSE:AZZ) by 27.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,035 shares of the industrial products company’s stock after acquiring an additional 28,051 shares during the quarter. Public Sector Pension Investment Board’s holdings in AZZ were worth $14,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LSV Asset Management purchased a new position in AZZ during the 3rd quarter valued at $142,000. Linden Thomas Advisory Services LLC lifted its position in shares of AZZ by 4.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 9,299 shares of the industrial products company’s stock worth $1,015,000 after purchasing an additional 388 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of AZZ by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 131 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of AZZ during the third quarter valued at about $425,000. Finally, Flagship Harbor Advisors LLC raised its stake in AZZ by 7.6% in the third quarter. Flagship Harbor Advisors LLC now owns 3,452 shares of the industrial products company’s stock worth $377,000 after buying an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling at AZZ

In related news, 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 value 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $3,182,250.00. Following the sale, the chief executive officer directly owned 158,182 shares in the company, valued at $20,134,986.78. This trade represents a 13.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,281 shares of company stock worth $4,239,080 over the last three months. Corporate insiders own 1.77% of the company’s stock.

AZZ Price Performance

Shares of AZZ opened at $140.30 on Friday. The stock has a market cap of $4.19 billion, a PE 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. AZZ Inc. has a fifty-two week low of $70.90 and a fifty-two week high of $141.18. The firm’s 50-day simple moving average is $118.33 and its two-hundred day simple moving average is $111.17.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $425.75 million during the quarter, compared to analyst estimates of $412.97 million. During the same period last year, the business earned $1.39 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. 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 fiscal year.

AZZ announced that its board has approved a share buyback plan on Friday, January 30th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

AZZ Announces Dividend

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

Analyst Upgrades and Downgrades

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

About AZZ

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.