64,400 Shares in AZZ Inc. $AZZ Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in shares of AZZ Inc. (NYSE:AZZ) during the 3rd quarter, HoldingsChannel reports. The firm purchased 64,400 shares of the industrial products company’s stock, valued at approximately $7,028,000.

A number of other large investors have also modified their holdings of the company. Huntington National Bank boosted its stake in shares of AZZ by 206.7% during the 2nd quarter. Huntington National Bank now owns 273 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 184 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in AZZ in the 2nd quarter worth about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in AZZ during the second quarter worth approximately $34,000. Assetmark Inc. purchased a new position in AZZ during the third quarter worth approximately $46,000. Finally, Smartleaf Asset Management LLC grew its holdings in AZZ by 40.1% in the third 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 during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling

In other news, insider Tara D. Mackey sold 2,923 shares of AZZ stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $136.00, for a total value of $397,528.00. Following the completion of the sale, the insider directly owned 22,373 shares of the company’s stock, valued at approximately $3,042,728. The trade was a 11.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas E. Ferguson sold 25,000 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was 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 in the company, valued at approximately $20,134,986.78. The trade was a 13.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 33,281 shares of company stock worth $4,239,080. 1.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AZZ has been the subject of several research analyst reports. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research note on Monday, December 29th. Robert W. Baird set a $125.00 price objective on shares of AZZ in a report on Friday, January 9th. Finally, Noble Financial reiterated an “outperform” rating on shares of AZZ in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.00.

AZZ Price Performance

AZZ stock opened at $134.82 on Friday. AZZ Inc. has a 52-week low of $70.90 and a 52-week high of $141.18. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 12.67 and a beta of 1.13. The business has a fifty day moving average of $121.24 and a two-hundred day moving average of $112.14.

AZZ (NYSE:AZZ) last announced 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 return on equity of 14.45% and a net margin of 19.89%.The business had revenue of $425.75 million for the quarter, compared to analyst estimates of $412.97 million. During the same quarter in the prior year, the company posted $1.39 EPS. The company’s quarterly revenue 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, research analysts anticipate that AZZ Inc. will post 5.13 earnings per share 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 buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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 given a $0.20 dividend. The ex-dividend date of this dividend 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%.

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.