AZZ Inc. $AZZ Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of AZZ Inc. (NYSE:AZZ) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,954 shares of the industrial products company’s stock after purchasing an additional 11,405 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.55% of AZZ worth $17,892,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AZZ. Royal Bank of Canada lifted its stake in shares of AZZ by 8.8% in the first 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 raised its holdings in AZZ by 26.2% in the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock valued at $519,000 after acquiring an additional 1,290 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AZZ by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock worth $1,462,000 after purchasing an additional 771 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of AZZ by 21.7% during the 1st 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 purchasing an additional 14,965 shares during the last quarter. Finally, Jane Street Group LLC grew its position 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 purchasing an additional 33,238 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Stock Down 1.4%

Shares of NYSE:AZZ opened at $134.09 on Tuesday. The business has a 50-day moving average price of $124.39 and a 200 day moving average price of $113.11. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 12.60 and a beta of 1.11. AZZ Inc. has a 12-month low of $70.90 and a 12-month high of $141.18.

AZZ (NYSE:AZZ) last posted its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. The company had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $412.97 million. AZZ had a net margin of 19.89% and a return on equity of 14.45%. AZZ’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior 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 expect that AZZ Inc. will post 5.13 EPS for the current year.

AZZ announced that its board has initiated a share buyback 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

AZZ Announces Dividend

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

Insider Buying and Selling

In related news, insider Tara D. Mackey sold 2,923 shares of the business’s 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 sale, the insider owned 22,373 shares in the company, valued at approximately $3,042,728. The trade was a 11.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas E. Ferguson sold 25,000 shares of the firm’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 transaction, the chief executive officer owned 158,182 shares of the company’s stock, 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. 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AZZ. Robert W. Baird set a $125.00 price objective 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 target price for the stock from $127.00 to $132.00 in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.20.

AZZ Company 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.