Convergence Investment Partners LLC Invests $1 Million in AZZ Inc. $AZZ

Convergence Investment Partners LLC acquired a new position in shares of AZZ Inc. (NYSE:AZZ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,162 shares of the industrial products company’s stock, valued at approximately $1,000,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in AZZ by 39.6% during the second quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after buying an additional 106 shares during the last quarter. Arizona State Retirement System grew its position in shares of AZZ by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 8,437 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 153 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of AZZ by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,311 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 161 shares during the period. Amalgamated Bank increased its holdings in AZZ by 2.1% in the 3rd quarter. Amalgamated Bank now owns 8,683 shares of the industrial products company’s stock valued at $948,000 after buying an additional 181 shares during the period. Finally, Huntington National Bank lifted its stake in AZZ by 206.7% during the second quarter. Huntington National Bank now owns 273 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Activity at AZZ

In related news, insider Tara D. Mackey sold 2,790 shares of AZZ stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $126.64, for a total transaction of $353,325.60. Following the completion of the sale, the insider owned 25,296 shares of the company’s stock, valued at approximately $3,203,485.44. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 5,358 shares of company stock valued at $659,302 in the last three months. 1.77% of the stock is currently owned by company insiders.

AZZ Stock Performance

NYSE AZZ opened at $127.77 on Tuesday. The company has a market capitalization of $3.81 billion, a PE ratio of 12.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.66. AZZ Inc. has a 52-week low of $70.90 and a 52-week high of $128.18. The company has a 50-day simple moving average of $113.42 and a 200 day simple moving average of $109.78.

AZZ (NYSE:AZZ) last released its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. AZZ had a net margin of 19.89% and a return on equity of 14.45%. The firm had revenue of $425.75 million during the quarter, compared to the consensus estimate of $412.97 million. During the same period in the prior year, the firm earned $1.39 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts predict that AZZ Inc. will post 5.13 EPS for the current year.

AZZ announced that its Board of Directors has initiated a share buyback plan on Friday, January 30th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

AZZ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 5th will be given a $0.20 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. AZZ’s payout ratio is 7.52%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AZZ shares. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Wells Fargo & Company cut their target price on AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Robert W. Baird set a $125.00 target price on shares of AZZ in a report on Friday, January 9th. Finally, Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.17.

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.