15,316 Shares in AZZ Inc. $AZZ Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of AZZ Inc. (NYSE:AZZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,316 shares of the industrial products company’s stock, valued at approximately $1,671,000.

A number of other hedge funds also recently modified their holdings of AZZ. Corient Private Wealth LLC lifted its holdings in shares of AZZ by 22.7% during the 2nd quarter. Corient Private Wealth LLC now owns 4,298 shares of the industrial products company’s stock valued at $406,000 after buying an additional 795 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of AZZ by 7.8% in the second quarter. Texas Permanent School Fund Corp now owns 23,989 shares of the industrial products company’s stock valued at $2,266,000 after acquiring an additional 1,744 shares during the period. Squarepoint Ops LLC acquired a new stake in AZZ during the second quarter worth about $2,950,000. State of Wyoming bought a new stake in AZZ in the 2nd quarter valued at $573,000. Finally, Public Sector Pension Investment Board raised its holdings in shares of AZZ by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,984 shares of the industrial products company’s stock worth $9,635,000 after buying an additional 7,194 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

AZZ has been the subject of a number of analyst reports. Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a research report on Monday. Wells Fargo & Company decreased their price objective on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Finally, B. Riley upped their target price on shares of AZZ from $131.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AZZ currently has an average rating of “Moderate Buy” and an average price target of $116.33.

Key Stores Impacting AZZ

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: Noble Financial raised near‑term and FY2028 EPS forecasts and issued specific quarterly estimates, signaling analyst confidence in continued earnings growth; this upward revision supports the bullish thesis for AZZ. Noble Financial estimates via MarketBeat
• Positive Sentiment: A Seeking Alpha piece argues there is still upside being left on the table, highlighting potential continuing outperformance and supporting constructive investor sentiment. AZZ: Upside Is Being Left On The Table
• Positive Sentiment: Media coverage noting that AZZ is outpacing broader market gains has likely attracted momentum buyers and retail attention, reinforcing the rally. AZZ outpaces stock market gains (MSN)
• Positive Sentiment: Zacks and other stock‑news attention are highlighting AZZ as a frequently searched/talked‑about name, which can boost liquidity and short‑term interest. AZZ attracting investor attention (Zacks)
• Neutral Sentiment: Valuation check: a Yahoo Finance piece revisits AZZ’s valuation after a strong year‑to‑date rally, flagging that gains may be testing fundamentals vs. multiple expansion — a cautionary read for value‑sensitive investors. Revisiting AZZ’s valuation (Yahoo Finance)
• Neutral Sentiment: Longer‑term performance analysis asked whether AZZ’s ~186% three‑year surge is supported by fundamentals; useful for investors weighing longer‑horizon risk/return but less likely to move price intraday. Is AZZ’s 186.6% Three Year Surge Still Supported? (Yahoo)
• Neutral Sentiment: Globe and Mail ran an analyst‑insights roundup mentioning AZZ among industrial goods names; provides context but no single decisive call. Analysts Offer Insights (Globe and Mail)
• Neutral Sentiment: A viral video item about a criminal posing as a fake FedEx driver references “AZZ” in title but is unrelated to company fundamentals — unlikely to affect stock performance. Crazy Azz Criminals (Yahoo video)

AZZ Price Performance

NYSE:AZZ opened at $110.65 on Wednesday. The company has a market cap of $3.33 billion, a P/E ratio of 10.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.73. AZZ Inc. has a 52-week low of $70.90 and a 52-week high of $119.95. The stock’s 50-day simple moving average is $102.92 and its 200 day simple moving average is $105.37.

AZZ (NYSE:AZZ) last issued its earnings results on Tuesday, May 9th. The industrial products company reported $0.56 earnings per share for the quarter. AZZ had a net margin of 19.69% and a return on equity of 15.01%. The business had revenue of $129.87 million for the quarter. As a group, sell-side analysts forecast 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, November 6th. Stockholders of record on Thursday, October 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 16th. AZZ’s dividend payout ratio is presently 7.69%.

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.