AZZ (NYSE:AZZ) Upgraded at Noble Financial

Noble Financial upgraded shares of AZZ (NYSE:AZZFree Report) from a market perform rating to an outperform rating in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $95.00 price objective on the industrial products company’s stock. Noble Financial also issued estimates for AZZ’s Q1 2025 earnings at $1.32 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.25 EPS, Q4 2025 earnings at $1.07 EPS, FY2025 earnings at $4.95 EPS and FY2026 earnings at $5.63 EPS.

Several other equities research analysts have also recently commented on the company. StockNews.com cut AZZ from a buy rating to a hold rating in a research note on Tuesday, May 21st. Jefferies Financial Group started coverage on AZZ in a research note on Monday, May 20th. They set a buy rating and a $105.00 price target for the company. Finally, B. Riley upped their price target on AZZ from $67.00 to $85.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $95.00.

Get Our Latest Analysis on AZZ

AZZ Price Performance

AZZ stock opened at $78.41 on Tuesday. The company has a market capitalization of $2.33 billion, a P/E ratio of 22.85, a PEG ratio of 1.13 and a beta of 1.27. AZZ has a twelve month low of $38.60 and a twelve month high of $86.94. The business has a 50 day simple moving average of $78.38 and a 200-day simple moving average of $68.98. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36.

AZZ (NYSE:AZZGet Free Report) last released its quarterly 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. AZZ had a return on equity of 15.66% and a net margin of 6.61%. The business had revenue of $366.50 million during the quarter, compared to analysts’ expectations of $351.67 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts anticipate that AZZ will post 4.85 EPS for the current year.

AZZ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.87%. The ex-dividend date was Tuesday, April 16th. AZZ’s payout ratio is 19.83%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. acquired a new stake in AZZ in the first quarter valued at $32,000. Covestor Ltd grew its holdings in AZZ by 131.5% in the third 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. Crewe Advisors LLC acquired a new stake in AZZ in the first quarter valued at $77,000. Central Pacific Bank Trust Division acquired a new stake in AZZ in the first quarter valued at $92,000. Finally, Russell Investments Group Ltd. grew its holdings in AZZ by 253.0% in the first quarter. Russell Investments Group Ltd. now owns 2,026 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 1,452 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About AZZ

(Get Free Report)

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.

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