Picton Mahoney Asset Management Has $1.02 Million Stock Holdings in AZZ Inc. $AZZ

Picton Mahoney Asset Management increased its holdings in shares of AZZ Inc. (NYSE:AZZ) by 62,193.3% in the third quarter, Holdings Channel.com reports. The firm owned 9,344 shares of the industrial products company’s stock after purchasing an additional 9,329 shares during the quarter. Picton Mahoney Asset Management’s holdings in AZZ were worth $1,020,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AZZ. Vanguard Group Inc. boosted its position in shares of AZZ by 2.6% during the third quarter. Vanguard Group Inc. now owns 3,277,271 shares of the industrial products company’s stock worth $357,649,000 after buying an additional 83,983 shares during the period. Geode Capital Management LLC grew its holdings in shares of AZZ by 1.3% during the second quarter. Geode Capital Management LLC now owns 708,852 shares of the industrial products company’s stock worth $66,981,000 after buying an additional 9,326 shares in the last quarter. SG Capital Management LLC raised its position in AZZ by 111.3% in the 3rd quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock valued at $41,037,000 after buying an additional 198,036 shares during the last quarter. Bank of America Corp DE raised its position in AZZ by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 287,595 shares of the industrial products company’s stock valued at $27,172,000 after buying an additional 11,113 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in AZZ by 2.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 259,272 shares of the industrial products company’s stock valued at $24,496,000 after acquiring an additional 5,301 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AZZ

In other 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 transaction, the chief executive officer directly owned 158,182 shares of the company’s stock, valued at $20,134,986.78. This represents a 13.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $397,528.00. Following the sale, the insider directly owned 22,373 shares of the company’s stock, valued at $3,042,728. The trade was a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,281 shares of company stock valued at $4,239,080 in the last ninety days. Insiders own 1.77% of the company’s stock.

AZZ Stock Down 3.5%

Shares of AZZ stock opened at $124.50 on Friday. AZZ Inc. has a 52-week low of $70.90 and a 52-week high of $141.18. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 11.70 and a beta of 1.11. The firm’s 50-day moving average is $125.87 and its 200-day moving average is $113.57. 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 (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The business had revenue of $425.75 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. Sell-side analysts predict that AZZ Inc. will post 5.13 EPS for the current year.

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

AZZ Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Noble Financial restated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Robert W. Baird set a $125.00 price target on AZZ in a research report on Friday, January 9th. Wells Fargo & Company downgraded AZZ from an “overweight” rating to an “equal weight” rating and raised their price target for the company 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 report on Saturday, January 10th. Finally, Evercore reiterated an “outperform” rating and set a $137.00 price objective on shares of AZZ in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

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.