AZZ (NYSE:AZZ) Stock Gets Price Target Increase from Wells Fargo & Company

AZZ (NYSE:AZZ) had its price objective raised by investment analysts at Wells Fargo & Company from $144.00 to $145.00 in a report released on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 8.57% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research note on Tuesday, October 6th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Robert W. Baird reduced their price objective on AZZ from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday. B. Riley Financial reissued a “buy” rating and set a $174.00 price objective (up from $170.00) on shares of AZZ in a research report on Thursday. Finally, Barclays set a $145.00 target price on AZZ in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.20.

AZZ Stock Down 3.0%

AZZ stock traded down $4.11 during trading hours on Thursday, hitting $133.55. The company had a trading volume of 30,737 shares, compared to its average volume of 233,170. The firm has a market capitalization of $4.01 billion, a P/E ratio of 24.11 and a beta of 1.13. 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’s fifty day moving average is $139.88 and its 200-day moving average is $142.08. AZZ has a fifty-two week low of $94.61 and a fifty-two week high of $162.20.

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

Insider Buying and Selling at AZZ

In other AZZ news, COO Jeffrey Vellines sold 4,220 shares of the business’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 sale, the chief operating officer owned 1,834 shares of the company’s stock, valued at $281,610.70. The trade was a 69.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the chief operating officer directly owned 35,000 shares of the company’s stock, valued at $5,252,450. This represents a 7.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kilter Group LLC acquired a new stake in AZZ in the 2nd quarter worth approximately $33,000. Allworth Financial LP acquired a new position in AZZ during the second quarter valued at approximately $60,000. Integrated Wealth Concepts LLC acquired a new position in AZZ during the second quarter valued at approximately $66,000. Harbor Investment Advisory LLC acquired a new position in AZZ during the second quarter valued at approximately $67,000. Finally, GAMMA Investing LLC raised its position in shares of AZZ by 27.5% in the third quarter. GAMMA Investing LLC now owns 658 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 142 shares during the period. 90.93% of the stock is owned by institutional investors.

Key AZZ News

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: AZZ reported adjusted EPS of $2.00, beating the $1.86 consensus estimate, while revenue rose 16.7% year over year to $486.9 million, above expectations. Both Metal Coatings and Precoat Metals delivered record quarterly sales, supporting investor confidence in continued operating growth. AZZ fiscal 2027 second-quarter results
• Positive Sentiment: Adjusted EBITDA increased 22.8% to $110.9 million, margins improved, and operating cash flow surged 76.1% to $102.8 million. AZZ also repurchased $20 million of stock and completed the acquisition of Seattle Galvanizing, adding support for shareholder returns and expansion. AZZ tops second-quarter EPS and raises guidance
• Positive Sentiment: Management raised fiscal 2027 guidance to revenue of $1.8 billion-$1.9 billion and EPS of $7.00-$7.30. The midpoint is broadly aligned with analyst expectations, but the guidance increase reinforces the view that demand and execution remain healthy.
• Neutral Sentiment: Barclays upgraded AZZ to “hold” or “equal weight,” which is less bearish than a sell-oriented view but does not provide a strong bullish catalyst. Barclays initiates coverage of AZZ at equal weight
• Negative Sentiment: Robert W. Baird lowered its price target from $155 to $150 and assigned a neutral rating. Although the revised target still implies potential upside, the reduction indicates more limited near-term appreciation after the recent earnings strength.
• Negative Sentiment: Reported GAAP net income and EPS declined year over year because the prior-year period benefited from a one-time equity gain related to AZZ’s AVAIL joint venture. While adjusted earnings improved substantially, the GAAP decline could temper enthusiasm among some investors. AZZ second-quarter profit report

About AZZ

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.