B. Riley Increases AZZ (NYSE:AZZ) Price Target to $85.00

AZZ (NYSE:AZZ) had its target price boosted by B. Riley from $67.00 to $85.00 in a research report released on Tuesday, Benzinga reports. B. Riley currently has a buy rating on the industrial products company’s stock. B. Riley also issued estimates for AZZ’s Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $1.42 EPS, Q4 2025 earnings at $1.29 EPS, FY2025 earnings at $5.02 EPS, Q1 2026 earnings at $1.59 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.63 EPS, Q4 2026 earnings at $1.45 EPS and FY2026 earnings at $6.12 EPS.

Several other equities research analysts have also commented on the stock. Noble Financial lowered shares of AZZ from an outperform rating to a market perform rating and set a $75.00 target price on the stock. in a research report on Friday, March 22nd. StockNews.com downgraded AZZ from a buy rating to a hold rating in a research note on Friday, February 9th.

AZZ Price Performance

Shares of NYSE AZZ opened at $71.45 on Tuesday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 20.83, a PEG ratio of 1.22 and a beta of 1.28. AZZ has a one year low of $34.59 and a one year high of $84.52. The company’s fifty day moving average is $75.28 and its two-hundred day moving average is $61.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.89.

AZZ (NYSE:AZZ) last issued its earnings results on Monday, April 22nd. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.70 by $0.23. The company had revenue of $366.50 million for the quarter, compared to analyst estimates of $351.67 million. AZZ had a net margin of 6.61% and a return on equity of 15.66%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Analysts forecast that AZZ will post 4.83 EPS for the current fiscal year.

AZZ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Wednesday, April 17th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, April 16th. AZZ’s dividend payout ratio (DPR) is presently 19.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Financial Synergies Wealth Advisors Inc. acquired a new position in AZZ in the 1st quarter valued at about $32,000. Covestor Ltd raised its stake in AZZ by 131.5% in the 3rd quarter. Covestor Ltd now owns 903 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 513 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in AZZ in the 1st quarter valued at about $215,000. Claro Advisors LLC acquired a new position in AZZ in the 1st quarter valued at about $237,000. Finally, Strs Ohio acquired a new position in AZZ in the 4th quarter valued at about $197,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in the United States, Canada, Brazil, China, the Netherlands, Poland, Singapore, and India. The company operates through AZZ Metal Coatings and AZZ Precoat Metals segments. The AZZ Metal Coatings segment offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries.