Dynamic Technology Lab Private Ltd Takes $2.13 Million Position in AZZ Inc. $AZZ

Dynamic Technology Lab Private Ltd acquired a new stake in AZZ Inc. (NYSE:AZZ) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,491 shares of the industrial products company’s stock, valued at approximately $2,127,000.

Several other large investors have also recently added to or reduced their stakes in AZZ. Royal Bank of Canada lifted its holdings in AZZ by 8.8% during the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 1,024 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of AZZ by 26.2% in the first quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after acquiring an additional 1,290 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of AZZ by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock worth $1,462,000 after acquiring an additional 771 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of AZZ by 21.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company’s stock worth $7,030,000 after acquiring an additional 14,965 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of AZZ by 185.9% in the first quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock valued at $4,274,000 after acquiring an additional 33,238 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

AZZ Stock Performance

Shares of AZZ opened at $124.50 on Friday. The company’s 50 day simple moving average is $125.87 and its 200-day simple moving average is $113.57. The firm has a market cap of $3.72 billion, a PE ratio of 11.70 and a beta of 1.11. AZZ Inc. has a 12-month low of $70.90 and a 12-month high of $141.18. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 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 the consensus estimate of $412.97 million. During the same quarter in the prior year, the firm earned $1.39 EPS. AZZ’s revenue for the quarter was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts predict that AZZ Inc. will post 5.13 EPS for the current year.

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

AZZ Dividend Announcement

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

Insider Transactions at AZZ

In related news, insider Tara D. Mackey sold 2,923 shares of the firm’s 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Thomas E. Ferguson sold 25,000 shares of the business’s 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 completion of the transaction, the chief executive officer owned 158,182 shares in the company, valued at $20,134,986.78. This trade represents a 13.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 33,281 shares of company stock worth $4,239,080. Corporate insiders own 1.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Evercore reissued an “outperform” rating and set a $137.00 target price on shares of AZZ in a research note on Wednesday. Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Robert W. Baird set a $125.00 price objective on AZZ in a research note on Friday, January 9th. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, Wells Fargo & Company lowered shares of AZZ from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $127.00 to $132.00 in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AZZ 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.