AZZ (NYSE:AZZ) Sets New 12-Month High – Still a Buy?

AZZ Inc. (NYSE:AZZ) hit a new 52-week high on Wednesday . The stock traded as high as $124.81 and last traded at $124.54, with a volume of 10730 shares. The stock had previously closed at $121.57.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AZZ. Wells Fargo & Company reduced their price objective on AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Robert W. Baird set a $125.00 price objective on shares of AZZ in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.17.

AZZ Stock Up 2.7%

The company has a market cap of $3.73 billion, a price-to-earnings ratio of 11.73 and a beta of 1.13. The firm’s fifty day simple moving average is $108.93 and its 200 day simple moving average is $108.52. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41.

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

AZZ Announces Dividend

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

Insider Activity

In other AZZ news, insider Tara D. Mackey sold 1,568 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $119.43, for a total value of $187,266.24. Following the sale, the insider owned 28,086 shares of the company’s stock, valued at approximately $3,354,310.98. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On AZZ

A number of large investors have recently bought and sold shares of AZZ. SG Capital Management LLC grew its holdings in shares of AZZ by 111.3% during the third quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock worth $41,037,000 after buying an additional 198,036 shares in the last quarter. Aberdeen Group plc acquired a new position in AZZ in the fourth quarter valued at $18,429,000. Capital International Investors grew its holdings in shares of AZZ by 8.7% during the 3rd quarter. Capital International Investors now owns 1,961,247 shares of the industrial products company’s stock worth $214,031,000 after purchasing an additional 157,529 shares during the period. Pacer Advisors Inc. acquired a new position in AZZ during the third quarter valued at approximately $16,360,000. Finally, Copeland Capital Management LLC purchased a new stake in AZZ during the third quarter worth approximately $15,772,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

About AZZ

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.