Gabelli Funds 13F: Cuts AZZ Stake by $6M

Gabelli Funds has trimmed its position in AZZ Inc. (NYSE:AZZ), reducing its holdings by 18.4%, according to a recent filing with the SEC. The fund sold 37,608 shares, bringing its total ownership to 167,238 shares valued at approximately $26.8 million. This adjustment reflects the fund's strategy as of the reporting period.

What Changed in Gabelli Funds' AZZ Inc. Position

Gabelli Funds reduced its stake in AZZ Inc. by 18.4%, selling 37,608 shares. Previously, the fund held 204,846 shares, but now it owns 167,238 shares. The reported value of this position is about $26.8 million.

Other Institutional Activity in AZZ Inc.

Other institutional investors also made moves in AZZ Inc. BlackRock, Inc. increased its holdings by 33,115 shares, ending with 4,425,694 shares worth around $553.8 million. Vanguard Portfolio Management LLC opened a new position with 1,801,661 shares valued at $225.4 million. FMR LLC added 14,286 shares, resulting in a total of 1,603,350 shares worth $200.6 million. On the other hand, T. Rowe Price Investment Management, Inc. reduced its stake by 225,719 shares to 1,557,944 shares valued at $194.9 million. Capital International Investors also cut its holdings by 569,962 shares, leaving it with 1,439,850 shares worth $180.2 million.

AZZ Inc. Stock Up 20.7%

Shares of NYSE:AZZ traded near $160.17 on Friday. The company has a market cap of approximately $4.81 billion and a P/E ratio of 15.24. AZZ Inc.'s stock has seen a 52-week low of $92.90 and a high of $162.20. The 50-day moving average is $143.18, while the 200-day moving average is $122.51. The company maintains a current ratio of 1.70 and a quick ratio of 1.18, with a debt-to-equity ratio of 40.41.

Recent Earnings

AZZ Inc. reported revenue of $1.65 billion, reflecting a growth rate of 9.4%. The company's net margin stands at 19.2%, with a return on equity of 26.6%. Earnings per share were $10.51 for the period. The next earnings report is scheduled for July 8, 2026.

Dividend

AZZ Inc. pays an annual dividend rate of $0.80, yielding 0.5%. The payout ratio is 7.33%. Investors should note the ex-dividend date if considering this stock for its dividend.

Insider Buying and Selling at AZZ Inc.

Recent insider activity at AZZ Inc. saw Chief Financial Officer Jason Crawford sell 717 shares at an average price of $136.87 on June 3, 2026. On the same day, he also sold 1,803 shares and bought 1,825 shares with no specified price. Bryan Lee Stovall, COO of Metal Coatings, sold 9,017 shares and bought 9,129 shares on May 31, 2026.

Analysts Set New Price Targets

On April 27, 2026, Evercore ISI Group maintained a buy rating with a $152.00 price target. B. Riley Securities also maintained their buy rating with a $169.00 target on April 24, 2026. Meanwhile, Baird held a hold rating with a $155.00 target. The consensus among nine analysts is a moderate buy, with a mean price target of $161.67.

About AZZ Inc.

AZZ Inc., headquartered in Fort Worth, Texas, specializes in providing hot-dip galvanizing and coil coating solutions across North America. The company operates through two main segments: AZZ Metal Coatings and AZZ Precoat Metals. It offers metal coating services for corrosion protection, serving various industries including construction, appliance, and transportation. Led by CEO Thomas E. Ferguson, AZZ Inc. employs approximately 3,767 people.

Bottom Line

Gabelli Funds' reduction in its AZZ Inc. stake is part of the latest institutional moves tracked through 13F filings, which provide a backward look at fund strategies. Investors often watch these filings to gauge institutional sentiment, though they reflect past positions and not current holdings. AZZ Inc. remains a notable player in the industrial sector with its specialized coating services.