SEC Form SC 13G filed by AZZ Inc.

8/12/24 9:40:06 AM ET

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SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 AZZ INC COMMON STOCK Cusip #002474104 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #002474104 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 3,002,352 Item 6: 0 Item 7: 3,004,082 Item 8: 0 Item 9: 3,004,082 Item 11: 10.075% Item 12: HC Cusip #002474104 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 3,004,082 Item 8: 0 Item 9: 3,004,082 Item 11: 10.075% Item 12: IN Item 1(a). Name of Issuer: AZZ INC Item 1(b). Address of Issuer's Principal Executive Offices: ONE MUSEUM PLACE, SUITE 500, 3100 W 77TH ST Fort Worth, TX 76107 Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 002474104 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 3,004,082 (b) Percent of Class: 10.075% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 3,004,082 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of AZZ INC. No one other person's interest in the COMMON STOCK of AZZ INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 9, 2024 Date /s/ Richard Bourgelas Signature Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC * IA Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on August 9, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of AZZ INC at July 31, 2024. FMR LLC By /s/ Richard Bourgelas Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Richard Bourgelas Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397.

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Recent Analyst Ratings for

$AZZ

Date	Price Target	Rating	Analyst
3/2/2026	$132.00	Overweight → Equal Weight	Wells Fargo
8/14/2025	$128.00	Overweight	Wells Fargo
6/9/2025	$101.00	Buy → Neutral	Sidoti
4/9/2025	$101.00	Neutral → Buy	Sidoti
2/11/2025	$108.00	Buy	ROTH MKM
7/31/2024		Peer Perform	Wolfe Research
7/23/2024	$90.00	Neutral	Robert W. Baird
6/14/2024	$90.00	Outperform	Evercore ISI

More analyst ratings

SEC Form SC 13G filed by AZZ Inc.

8/12/24 9:40:06 AM ET

$AZZ

Industrial Specialties

Industrials

Get the next $AZZ alert in real time by email

Recent Analyst Ratings for

$AZZ

Date	Price Target	Rating	Analyst
3/2/2026	$132.00	Overweight → Equal Weight	Wells Fargo
8/14/2025	$128.00	Overweight	Wells Fargo
6/9/2025	$101.00	Buy → Neutral	Sidoti
4/9/2025	$101.00	Neutral → Buy	Sidoti
2/11/2025	$108.00	Buy	ROTH MKM
7/31/2024		Peer Perform	Wolfe Research
7/23/2024	$90.00	Neutral	Robert W. Baird
6/14/2024	$90.00	Outperform	Evercore ISI

More analyst ratings

SEC Form SC 13G filed by AZZ Inc.

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$AZZ

SEC Form SC 13G filed by AZZ Inc.

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$AZZ
Insider Trading

Director Berce Daniel E was granted 937 shares, increasing direct ownership by 2% to 59,290 units (SEC Form 4)

Director Mcgough Ed was granted 937 shares, increasing direct ownership by 5% to 20,306 units (SEC Form 4)

Director Purvis Steven R. was granted 937 shares, increasing direct ownership by 4% to 23,862 units (SEC Form 4)

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Insider Purchases

COO - Precoat Metals Russell Kurt L. bought $21,254 worth of shares (622 units at $34.17), increasing direct ownership by 3% to 24,976 units (SEC Form 4)

Chief Legal Officer Mackey Tara D bought $16,026 worth of shares (469 units at $34.17), increasing direct ownership by 1% to 34,560 units (SEC Form 4)

Chief Financial Officer Crawford Jason bought $21,254 worth of shares (622 units at $34.17), increasing direct ownership by 9% to 7,632 units (SEC Form 4)

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Analyst Ratings

AZZ downgraded by Wells Fargo with a new price target

Wells Fargo initiated coverage on AZZ with a new price target

AZZ downgraded by Sidoti with a new price target

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Press Releases

AZZ Inc. Reports Fiscal Year 2027 First Quarter Results

AZZ Inc. Announces Fiscal Year 2027 First Quarter Cash Dividend

AZZ Inc. to Review First Quarter Fiscal Year 2027 Financial Results on Thursday, July 9, 2026

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SEC Filings

AZZ Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by AZZ Inc.

AZZ Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

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Leadership Updates

AZZ Inc. Announces Corporate Governance and Other Board Succession Changes

Astro Shapes Announces Appointment of Carol Jackson as Chief Executive Officer

AZZ Inc. Appoints Jeff Vellines as President and Chief Operating Officer and Kurt Russell as Senior Vice President and Chief Strategic Officer

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Financials

AZZ Inc. Reports Fiscal Year 2027 First Quarter Results

AZZ Inc. Announces Fiscal Year 2027 First Quarter Cash Dividend

AZZ Inc. to Review First Quarter Fiscal Year 2027 Financial Results on Thursday, July 9, 2026

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by AZZ Inc.