AZZ Inc. (NYSE:AZZ) Stock Has Average Target Price of $155.25

Shares of AZZ Inc. (NYSE:AZZ) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $152.20.

A number of equities research analysts have issued reports on the stock. Barclays began coverage on shares of AZZ in a research note on Wednesday. They set an “equal weight” rating and a $140.00 target price for the company. Wells Fargo & Company boosted their price target on shares of AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a report on Tuesday, October 6th. B. Riley Financial upped their price target on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th.

AZZ Price Performance

NYSE AZZ opened at $137.39 on Monday. The company has a 50 day simple moving average of $139.88 and a 200-day simple moving average of $142.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 24.76 and a beta of 1.13. AZZ has a 52-week low of $94.61 and a 52-week high of $162.20.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Tuesday, October 13th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.86 by $0.14. AZZ had a net margin of 9.59% and a return on equity of 15.05%. The business had revenue of $486.89 million during the quarter, compared to analysts’ expectations of $463.44 million. During the same period last year, the company posted $1.55 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS. Equities research analysts predict that AZZ will post 7.06 earnings per share for the current fiscal year.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, October 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.7%. AZZ’s dividend payout ratio (DPR) is presently 14.63%.

Key AZZ News

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: Quarterly results exceeded estimates. AZZ reported fiscal Q2 adjusted EPS of $2.00, above consensus estimates ranging from $1.82 to $1.87, while revenue rose 16.7% year over year to $486.9 million, exceeding estimates of roughly $463 million-$468 million. AZZ fiscal 2027 second-quarter results
• Positive Sentiment: Both operating segments delivered growth. Metal Coatings sales increased 22.9% and Precoat Metals sales rose 11.5%. Adjusted EBITDA grew 22.8% to $110.9 million, with margins improving, while operating cash flow jumped 76.1% to $102.8 million. AZZ also completed its Seattle Galvanizing acquisition and repurchased $20 million of stock. AZZ tops Q2 EPS and raises guidance
• Positive Sentiment: Fiscal 2027 guidance was raised. Management now expects full-year EPS of $7.00-$7.30 and revenue of $1.8 billion-$1.9 billion. The EPS range is near the consensus estimate, but the update reinforces expectations for continued earnings growth. AZZ earnings report
• Neutral Sentiment: Barclays initiated coverage with an Equal Weight rating. The neutral rating may limit upside enthusiasm despite the earnings beat, suggesting analysts see the current valuation as broadly reflecting AZZ’s operating prospects. Barclays initiates AZZ coverage
• Negative Sentiment: Reported GAAP profit declined because of an unusually favorable prior-year comparison. GAAP net income fell 34.6% and diluted EPS declined to $1.94, reflecting a prior-year gain tied to the AVAIL joint venture. While adjusted earnings increased 29%, the headline GAAP decline and already-elevated valuation help explain the stock’s relatively subdued reaction. AZZ second-quarter profit report

Insider Transactions at AZZ

In other AZZ news, COO Bryan Lee Stovall sold 2,677 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $150.07, for a total value of $401,737.39. Following the transaction, the chief operating officer owned 35,000 shares in the company, valued at $5,252,450. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey Vellines sold 4,220 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $153.55, for a total value of $647,981.00. Following the completion of the transaction, the chief operating officer directly owned 1,834 shares in the company, valued at approximately $281,610.70. The trade was a 69.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On AZZ

Several large investors have recently made changes to their positions in AZZ. PDT Partners LLC bought a new position in AZZ during the second quarter valued at approximately $1,597,000. Public Employees Retirement System of Ohio acquired a new stake in AZZ in the second quarter valued at approximately $2,716,000. Bank of America Corp DE acquired a new stake in AZZ in the second quarter valued at approximately $32,505,000. The Manufacturers Life Insurance Company bought a new stake in AZZ in the second quarter worth approximately $2,186,000. Finally, Jupiter Topco LLC bought a new stake in AZZ in the second quarter worth approximately $14,588,000. Institutional investors own 90.93% of the company’s stock.

AZZ Company Profile

AZZ Inc is a provider of metal coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals segments, helping protect and enhance the performance, appearance, and durability of steel and other metal products used across a range of industries.

Through its Metal Coatings segment, AZZ provides hot-dip galvanizing, powder coating, anodizing, plating, and related coating services. These treatments are used for corrosion protection and finishing applications involving infrastructure, construction, industrial, transportation, and other metal products.

Precoat Metals provides coil coating services for steel and aluminum products before they are fabricated.