AZZ Inc. (NYSE:AZZ) Receives Consensus Rating of “Moderate Buy” from Analysts

AZZ Inc. (NYSE:AZZ) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $152.00.

A number of research firms have commented on AZZ. B. Riley Financial upped their target price on shares of AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Wells Fargo & Company cut shares of AZZ from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $127.00 to $132.00 in a research report on Monday, March 2nd. Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AZZ. Principal Financial Group Inc. increased its position in shares of AZZ by 9.7% in the 3rd quarter. Principal Financial Group Inc. now owns 162,812 shares of the industrial products company’s stock valued at $17,768,000 after purchasing an additional 14,430 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of AZZ in the 4th quarter valued at approximately $2,120,000. Capital International Investors increased its position in shares of AZZ by 8.7% in the 3rd quarter. Capital International Investors now owns 1,961,247 shares of the industrial products company’s stock valued at $214,031,000 after purchasing an additional 157,529 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of AZZ by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 163,954 shares of the industrial products company’s stock valued at $17,892,000 after purchasing an additional 11,405 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of AZZ in the 3rd quarter valued at approximately $2,127,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Trading Up 0.8%

Shares of AZZ stock opened at $152.03 on Tuesday. The company’s 50-day moving average price is $139.92 and its 200-day moving average price is $127.59. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 14.48 and a beta of 1.13. AZZ has a twelve month low of $86.67 and a twelve month high of $155.06.

AZZ (NYSE:AZZ) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. AZZ had a net margin of 19.23% and a return on equity of 14.47%. The company had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $382.24 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. AZZ’s revenue for the quarter was up 9.4% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. As a group, equities analysts predict that AZZ will post 6.78 earnings per share for the current year.

AZZ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 23rd were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. AZZ’s dividend payout ratio is presently 7.62%.

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.