Vanguard Discloses 12.3% Passive Stake in AZZ Inc.

TL;DR

**Vanguard still owns 12.3% of AZZ Inc., showing continued institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in AZZ Inc. As of December 29, 2023, Vanguard beneficially owned 3,090,147 shares of AZZ Inc. Common Stock, representing 12.3% of the company. This is an update to their previous filing, indicating a slight adjustment in their passive investment stake. For investors, this shows that a significant institutional player like Vanguard maintains a substantial, albeit passive, interest in AZZ Inc., which can be a signal of long-term confidence in the company's fundamentals.

Why It Matters

This filing confirms Vanguard's continued significant ownership in AZZ Inc., signaling institutional confidence and potentially influencing other investors' perceptions of the stock's stability.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.

Analyst Insight

A smart investor would note Vanguard's continued significant, passive stake as a sign of long-term institutional confidence in AZZ Inc., but recognize this filing doesn't suggest any immediate catalysts or changes in company strategy.

Key Numbers

• 3,090,147 — Shares Owned (The total number of AZZ Inc. Common Stock shares beneficially owned by The Vanguard Group as of December 29, 2023.)
• 12.3% — Ownership Percentage (The percentage of AZZ Inc.'s Common Stock owned by The Vanguard Group, indicating a significant institutional stake.)
• February 13, 2024 — Filing Date (The date this amended Schedule 13G/A was filed, providing the most recent public disclosure.)
• 002474104 — CUSIP Number (The unique identification number for AZZ Inc.'s Common Stock, ensuring accurate security identification.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• AZZ Inc. (company) — subject company whose shares are being reported
• 3,090,147 (dollar_amount) — number of shares beneficially owned by Vanguard
• 12.3% (dollar_amount) — percentage of AZZ Inc. Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in AZZ Inc. for the foreseeable future. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0392-azzinc.htm (SC 13G/A) — 11KB
• 0001104659-24-020389.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: AZZ Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: One Museum Place, 3100 West 7th Street, Suite 500 Fort Worth, TX 76107-8701

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 002474104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: 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 in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. 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. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR