Strs Ohio Acquires 9,600 Shares of AZZ Inc. $AZZ

Strs Ohio boosted its holdings in AZZ Inc. (NYSE:AZZ) by 2,400.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,000 shares of the industrial products company’s stock after purchasing an additional 9,600 shares during the period. Strs Ohio’s holdings in AZZ were worth $1,091,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AZZ. QRG Capital Management Inc. purchased a new position in shares of AZZ in the second quarter worth about $247,000. GAMMA Investing LLC grew its position in AZZ by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 106 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in AZZ in the 3rd quarter worth approximately $1,671,000. Asset Management One Co. Ltd. boosted its stake in shares of AZZ by 11.7% during the second quarter. Asset Management One Co. Ltd. now owns 59,351 shares of the industrial products company’s stock valued at $5,607,000 after purchasing an additional 6,220 shares during the period. Finally, Robeco Schweiz AG bought a new position in shares of AZZ in the third quarter worth approximately $4,365,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

AZZ Stock Down 0.3%

Shares of NYSE AZZ opened at $122.77 on Wednesday. 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 Inc. has a 12 month low of $70.90 and a 12 month high of $127.88. The firm has a market capitalization of $3.67 billion, a PE ratio of 11.54 and a beta of 1.13. The firm has a fifty day simple moving average of $111.51 and a two-hundred day simple moving average of $109.31.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $412.97 million. During the same quarter in the previous year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts expect 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. Shareholders of record on Thursday, February 5th will be issued 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 dividend yield of 0.7%. AZZ’s dividend payout ratio is 7.52%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AZZ. Robert W. Baird set a $125.00 target price on shares of AZZ in a research note on Friday, January 9th. Wells Fargo & Company cut their price target on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research note on Monday, December 29th. Finally, Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.17.

Insider Activity

In other news, insider Tara D. Mackey sold 2,790 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $126.64, for a total value of $353,325.60. Following the completion of the transaction, the insider owned 25,296 shares in the company, valued at $3,203,485.44. This trade represents a 9.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 5,358 shares of company stock valued at $659,302. 1.77% of the stock is currently owned by corporate 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.