AZZ Inc. (NYSE:AZZ) Receives $117.17 Average Target Price from Analysts

Shares of AZZ Inc. (NYSE:AZZ) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $117.1667.

A number of equities research analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Robert W. Baird set a $125.00 price target on AZZ in a research report on Friday, January 9th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th.

Insider Activity at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the transaction, the chief executive officer owned 158,182 shares in the company, valued at approximately $20,134,986.78. This represents a 13.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tara D. Mackey sold 2,790 shares of AZZ stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $126.64, for a total transaction of $353,325.60. Following the sale, the insider owned 25,296 shares of the company’s stock, valued at $3,203,485.44. The trade was a 9.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,358 shares of company stock valued at $3,841,552 over the last ninety days. 1.77% of the stock is currently owned by insiders.

Institutional Trading of AZZ

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC increased its stake in shares of AZZ by 0.5% in the 4th quarter. Oliver Luxxe Assets LLC now owns 18,164 shares of the industrial products company’s stock worth $1,947,000 after acquiring an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of AZZ by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,882 shares of the industrial products company’s stock valued at $738,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of AZZ by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 131 shares during the period. Fifth Third Bancorp increased its position in AZZ by 55.9% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 137 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in AZZ by 1.8% during the third quarter. Arizona State Retirement System now owns 8,437 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Trading Up 2.2%

Shares of NYSE:AZZ opened at $130.20 on Wednesday. The company has a market capitalization of $3.89 billion, a PE ratio of 12.24 and a beta of 1.13. 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 has a 12-month low of $70.90 and a 12-month high of $131.55. The business’s fifty day simple moving average is $115.18 and its 200-day simple moving average is $110.26.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. The company had revenue of $425.75 million for the quarter, compared to the consensus estimate of $412.97 million. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts predict that AZZ will post 5.13 earnings per share for the current fiscal year.

AZZ declared that its board has initiated a stock buyback plan on Friday, January 30th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 5th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, February 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. AZZ’s payout ratio is presently 7.52%.

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.