Gamco Investors INC. ET AL Sells 26,245 Shares of AZZ Inc. $AZZ

Gamco Investors INC. ET AL cut its holdings in AZZ Inc. (NYSE:AZZ) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 555,086 shares of the industrial products company’s stock after selling 26,245 shares during the quarter. Gamco Investors INC. ET AL owned approximately 1.85% of AZZ worth $60,577,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AZZ. Huntington National Bank lifted its position in 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 buying an additional 184 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in AZZ in the 2nd quarter valued at about $30,000. Assetmark Inc. acquired a new stake in AZZ in the 3rd quarter valued at about $46,000. Smartleaf Asset Management LLC raised its stake in shares of AZZ by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 131 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of AZZ by 1,145.3% in the second quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 859 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

AZZ has been the topic of several research analyst reports. Wells Fargo & Company cut shares of AZZ from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $127.00 to $132.00 in a research note on Monday, March 2nd. Evercore restated an “outperform” rating and issued a $137.00 price objective on shares of AZZ in a research report on Wednesday. Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, Robert W. Baird set a $125.00 target price on AZZ in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, AZZ currently has an average rating of “Moderate Buy” and an average target price of $127.00.

Insider Buying and Selling at AZZ

In other news, insider Tara D. Mackey sold 2,923 shares of the 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 transaction, the insider owned 22,373 shares of the company’s stock, valued at $3,042,728. This represents a 11.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas E. Ferguson sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 158,182 shares in the company, valued at $20,134,986.78. This represents a 13.65% decrease in their ownership of the stock. 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 quarter. Corporate insiders own 1.77% of the company’s stock.

AZZ Stock Down 3.5%

Shares of NYSE AZZ opened at $124.50 on Friday. The firm has a market capitalization of $3.72 billion, a PE ratio of 11.70 and a beta of 1.11. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. AZZ Inc. has a 1 year low of $70.90 and a 1 year high of $141.18. The firm’s 50-day moving average is $125.87 and its 200-day moving average is $113.57.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 EPS for the quarter, topping 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 company had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $412.97 million. During the same quarter in the previous year, the company earned $1.39 EPS. AZZ’s revenue was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts expect that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 5th were given 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 payout ratio is presently 7.52%.

AZZ declared that its board has initiated 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 purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.