Measured Wealth Private Client Group LLC Buys Shares of 4,901 AZZ Inc. $AZZ

Measured Wealth Private Client Group LLC purchased a new stake in AZZ Inc. (NYSE:AZZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,901 shares of the industrial products company’s stock, valued at approximately $535,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AZZ. Mercer Global Advisors Inc. ADV acquired a new position in shares of AZZ during the 3rd quarter worth about $396,000. Gotham Asset Management LLC boosted its position in AZZ by 274.6% during the 3rd quarter. Gotham Asset Management LLC now owns 11,438 shares of the industrial products company’s stock worth $1,248,000 after acquiring an additional 8,385 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of AZZ during the 3rd quarter worth approximately $512,000. Bank of America Corp DE grew its stake in shares of AZZ by 19.9% during the 3rd quarter. Bank of America Corp DE now owns 344,929 shares of the industrial products company’s stock worth $37,642,000 after acquiring an additional 57,334 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of AZZ by 671.1% in the third quarter. Algert Global LLC now owns 85,670 shares of the industrial products company’s stock valued at $9,349,000 after purchasing an additional 74,560 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Insider Transactions at AZZ

In other AZZ news, insider Tara D. Mackey sold 2,923 shares of the business’s stock in a transaction that occurred on 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. The trade was a 11.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas E. Ferguson sold 25,000 shares of the company’s stock in a transaction that occurred on 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 33,281 shares of company stock worth $4,239,080. 1.77% of the stock is owned by insiders.

AZZ Price Performance

NYSE:AZZ opened at $124.02 on Tuesday. The stock has a market capitalization of $3.70 billion, a PE ratio of 11.66 and a beta of 1.11. AZZ Inc. has a 1-year low of $70.90 and a 1-year high of $141.18. The firm has a fifty day simple moving average of $127.74 and a 200 day simple moving average of $113.98. 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 posted its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.09. The firm had revenue of $425.75 million for the quarter, compared to analyst estimates of $412.97 million. AZZ had a net margin of 19.89% and a return on equity of 14.45%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts expect that AZZ Inc. will post 5.13 EPS for the current fiscal year.

AZZ declared that its board has authorized a share 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

AZZ Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Noble Financial reissued an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Evercore reiterated an “outperform” rating and issued a $137.00 price target on shares of AZZ in a research note on Wednesday, March 4th. Robert W. Baird set a $125.00 price objective on shares of AZZ in a research note on Friday, January 9th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, AZZ has an average rating of “Moderate Buy” and a consensus target price of $127.00.

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.