AZZ (NYSE:AZZ) Stock Gets Price Target Reduction from Robert W. Baird

AZZ (NYSE:AZZ) had its price target decreased by Robert W. Baird from $155.00 to $150.00 in a research report released on Thursday, MarketBeat reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

Several other research firms also recently weighed in on AZZ. Wall Street Zen downgraded AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Barclays began coverage on shares of AZZ in a research report on Wednesday. They set an “equal weight” rating and a $140.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research note on Tuesday, October 6th. B. Riley Financial upped their price objective on AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company increased their target price on AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.20.

AZZ Stock Down 1.0%

AZZ opened at $129.30 on Thursday. AZZ has a one year low of $94.61 and a one year high of $162.20. The firm has a market capitalization of $3.87 billion, a P/E ratio of 23.30 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.79 and a quick ratio of 1.39. The company has a fifty day moving average price of $139.03 and a 200-day moving average price of $142.04.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Tuesday, October 13th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. AZZ had a net margin of 9.59% and a return on equity of 14.85%. The firm had revenue of $486.89 million during the quarter, compared to the consensus estimate of $467.14 million. During the same quarter in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS. Equities research analysts expect that AZZ will post 7.11 earnings per share for the current fiscal year.

AZZ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, October 19th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.96 dividend on an annualized basis and a yield of 0.7%. AZZ’s dividend payout ratio is 17.30%.

Insider Buying and Selling

In other AZZ news, COO Jeffrey Vellines sold 4,220 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total transaction of $647,981.00. Following the completion of the sale, the chief operating officer directly owned 1,834 shares of the company’s stock, valued at approximately $281,610.70. This represents a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Bryan Lee Stovall sold 2,677 shares of the firm’s stock in a transaction on 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. The trade was a 7.11% decrease in their position. The SEC filing for this sale provides additional information. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

Trending Headlines about AZZ

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: AZZ reported record quarterly sales of $486.9 million, up 16.7% year over year, while EPS of $2.00 exceeded the $1.82 analyst consensus. Management also raised fiscal 2027 EPS guidance to $7.00–$7.30, supporting the company’s growth outlook. AZZ Analysts Boost Their Forecasts After Upbeat Q2 Results
• Positive Sentiment: Noble Financial raised its AZZ EPS forecasts for fiscal 2027 through fiscal 2031. The firm now expects $7.15 for fiscal 2027, $7.67 for fiscal 2028, $8.00 for fiscal 2029, $8.34 for fiscal 2030 and $8.70 for fiscal 2031, indicating confidence in longer-term earnings growth.
• Positive Sentiment: Wells Fargo increased its price target to $145 from $144, implying meaningful potential upside from the referenced trading level, although it retained an “equal weight” rating.
• Neutral Sentiment: Barclays initiated coverage with an “equal weight” rating and a $140 price target, while Robert W. Baird maintained a “neutral” rating despite reducing its target to $150 from $155. The ratings suggest analysts see upside but remain cautious about valuation and execution. AZZ Lifts Guidance Following Record Sales
• Negative Sentiment: Noble Financial trimmed its fiscal 2027 third- and fourth-quarter EPS estimates to $1.75 and $1.55, respectively. These modest near-term reductions may be weighing on the stock even though full-year and longer-range estimates increased.
• Negative Sentiment: The market’s reaction has remained subdued after the earnings beat, reflecting concerns that the strong results and raised guidance may already be reflected in AZZ’s valuation. The shares also remain below their 50-day and 200-day moving averages, adding technical pressure.

AZZ Company Profile

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.