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

Gamco Investors INC. ET AL decreased its position in shares of AZZ Inc. (NYSE:AZZ) by 4.5% during the 3rd quarter, Holdings Channel reports. The fund owned 555,086 shares of the industrial products company’s stock after selling 26,245 shares during the quarter. Gamco Investors INC. ET AL’s holdings in AZZ were worth $60,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. SG Capital Management LLC increased its stake in AZZ by 111.3% in the third quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock valued at $41,037,000 after purchasing an additional 198,036 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in AZZ in the third quarter worth $16,360,000. Copeland Capital Management LLC bought a new position in shares of AZZ during the third quarter worth $15,772,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of AZZ in the 3rd quarter valued at $14,119,000. Finally, Vanguard Group Inc. grew its holdings in shares of AZZ by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,277,271 shares of the industrial products company’s stock valued at $357,649,000 after buying an additional 83,983 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AZZ. Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a research note on Tuesday, February 17th. Robert W. Baird set a $125.00 price target on AZZ in a report on Friday, January 9th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Wells Fargo & Company cut AZZ from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $127.00 to $132.00 in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Insider Buying and Selling

In other news, CEO Thomas E. Ferguson sold 25,000 shares of the firm’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 transaction of $3,182,250.00. Following the completion of the transaction, the chief executive officer directly owned 158,182 shares of the company’s stock, valued at $20,134,986.78. This trade represents a 13.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tara D. Mackey sold 2,923 shares of AZZ stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $136.00, for a total transaction of $397,528.00. Following the completion of the sale, the insider owned 22,373 shares in the company, valued at $3,042,728. This trade represents a 11.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 insiders.

AZZ Trading Down 3.5%

AZZ opened at $124.50 on Friday. The stock has a market capitalization of $3.72 billion, a P/E 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 12 month low of $70.90 and a 12 month high of $141.18. The firm’s fifty day simple moving average is $125.87 and its 200 day simple moving average is $113.57.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The firm had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $412.97 million. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. 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 EPS for the current fiscal year.

AZZ Dividend Announcement

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

AZZ declared that its board has authorized a share repurchase plan on Friday, January 30th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.