AZZ Inc. (NYSE:AZZ) Receives $155.25 Average PT from Brokerages

Shares of AZZ Inc. (NYSE:AZZ) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $155.25.

A number of research firms recently commented on AZZ. Wells Fargo & Company boosted their price target on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Weiss Ratings lowered shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. Evercore reiterated an “outperform” rating and set a $152.00 price objective on shares of AZZ in a research report on Monday, April 27th. Wall Street Zen downgraded shares of AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Robert W. Baird upped their target price on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th.

AZZ Price Performance

NYSE:AZZ opened at $144.96 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $147.30 and its two-hundred day simple moving average is $137.34. The stock has a market cap of $4.36 billion, a PE ratio of 22.10 and a beta of 1.11. AZZ has a 52 week low of $92.98 and a 52 week high of $162.20.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.05. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The firm had revenue of $448.53 million during the quarter, compared to analyst estimates of $434.58 million. During the same quarter in the prior year, the company posted $1.78 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, analysts forecast that AZZ will post 6.94 EPS for the current fiscal year.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, July 9th. This is an increase from AZZ’s previous quarterly dividend of $0.20. AZZ’s dividend payout ratio is presently 14.63%.

Institutional Investors Weigh In On AZZ

Several large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. lifted its position in shares of AZZ by 3.7% in the second quarter. Contravisory Investment Management Inc. now owns 2,723 shares of the industrial products company’s stock worth $422,000 after buying an additional 97 shares in the last quarter. Harbor Investment Advisory LLC purchased a new position in AZZ during the 2nd quarter valued at approximately $67,000. Janus Henderson Group PLC grew its holdings in AZZ by 162.1% during the 1st quarter. Janus Henderson Group PLC now owns 88,273 shares of the industrial products company’s stock valued at $11,047,000 after buying an additional 54,590 shares in the last quarter. Smith Group Asset Management LLC increased its stake in AZZ by 11.1% in the 1st quarter. Smith Group Asset Management LLC now owns 29,221 shares of the industrial products company’s stock worth $3,656,000 after acquiring an additional 2,931 shares during the last quarter. Finally, Amundi increased its stake in AZZ by 61.1% in the 1st quarter. Amundi now owns 10,547 shares of the industrial products company’s stock worth $1,320,000 after acquiring an additional 4,002 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

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.