Gabelli Funds Reduces $6M in AZZ Inc. ($AZZ)
Gabelli Funds decreased its investment in AZZ by 18.4%, selling 37,608 shares.
Key Points
- Gabelli Funds reduced its stake in AZZ by 18.4%, selling 37,608 shares to hold 167,238 shares worth $26.46 million.
- On Tuesday, AZZ shares traded at $158.24, with a market cap not specified in the data.
- Insiders at AZZ, including the CFO and COO, engaged in recent stock transactions, while analysts maintained various ratings.
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Gabelli Funds has reduced its position in AZZ, selling 37,608 shares as of its latest 13F filing with the SEC. The fund now holds 167,238 shares valued at approximately $26.46 million. This represents an 18.4% decrease from its previous holding of 204,846 shares.
Gabelli Funds vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Gabelli Funds' AZZ Position
Gabelli Funds trimmed its holdings in AZZ by 37,608 shares, bringing its total to 167,238 shares. This reduction marks an 18.4% decrease in its stake, with the shares now valued at about $26.46 million.
Other Institutional Activity in AZZ
BlackRock, Inc. increased its holdings in AZZ by 33,115 shares, ending with 4,425,694 shares worth around $553.79 million, reflecting a slight 0.8% rise. Vanguard Portfolio Management LLC opened a new position with 1,801,661 shares valued at $225.44 million. FMR LLC added 14,286 shares, bringing its total to 1,603,350 shares valued at approximately $200.63 million, a 0.9% increase. T. Rowe Price Investment Management, Inc. cut its stake by 225,719 shares, holding 1,557,944 shares valued at $194.95 million, a 12.7% decrease. Capital International Investors reduced its position by 569,962 shares to 1,439,850 shares, valued at $180.17 million, marking a 28.4% decrease.
AZZ Inc. Stock Up 14.4%
Shares of AZZ traded near $158.24 on Tuesday. Although the market cap and other specific financial ratios weren't provided, recent trading activities and institutional adjustments highlight ongoing interest in the stock.
$AZZ stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at AZZ Inc.
On June 3, 2026, Jason Crawford, AZZ's Chief Financial Officer, sold 717 shares at an average price of $136.87 and 1,803 shares without a specified price. On the same day, he also bought 1,825 shares. Bryan Lee Stovall, Chief Operating Officer of Metal Coatings, sold 9,017 shares and 3,592 shares at $134.24 on May 31, 2026, and also bought 9,129 shares.
Analysts Set New Price Targets
On April 27, 2026, Evercore ISI Group maintained a "buy" rating on AZZ with a price target of $152. B. Riley Securities also maintained a "buy" rating with a $169 target on April 24, 2026. On the same day, Baird maintained a "hold" rating with a target of $155. Earlier, on March 2, 2026, Wells Fargo downgraded AZZ to "hold" with a $132 target.
Bottom Line
Gabelli Funds' recent reduction in its AZZ stake is part of broader institutional movements in the stock. While the fund trimmed its holdings, other major investors like BlackRock and Vanguard have made adjustments, indicating varied perspectives on the company's prospects. Insider transactions and analyst ratings add further layers of insight into AZZ's current market standing. As always, it's important to remember that 13F filings reflect past positions and may not indicate current holdings.
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