Analysts Set AZZ Inc. (NYSE:AZZ) Price Target at $141.80

AZZ Inc. (NYSE:AZZ) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat reports. Four 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 brokers that have updated their coverage on the stock in the last year is $141.80.

AZZ has been the subject of several research analyst reports. Robert W. Baird raised 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. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. B. Riley Financial increased their price target on shares of AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Noble Financial restated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Finally, Wells Fargo & Company cut AZZ from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $127.00 to $132.00 in a research report on Monday, March 2nd.

Institutional Trading of AZZ

A number of hedge funds have recently modified their holdings of the business. Lido Advisors LLC increased its stake in shares of AZZ by 3.0% in the 4th quarter. Lido Advisors LLC now owns 2,633 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 77 shares in the last quarter. Oliver Luxxe Assets LLC lifted its position in AZZ by 0.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 18,164 shares of the industrial products company’s stock valued at $1,947,000 after acquiring an additional 96 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in AZZ by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,882 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 100 shares in the last quarter. LPL Financial LLC grew its holdings in AZZ by 1.0% in the fourth quarter. LPL Financial LLC now owns 10,593 shares of the industrial products company’s stock worth $1,135,000 after purchasing an additional 101 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in AZZ by 92.5% in the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 124 shares during the period. Institutional investors own 90.93% of the company’s stock.

AZZ Price Performance

Shares of AZZ stock opened at $137.31 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70. AZZ has a fifty-two week low of $86.67 and a fifty-two week high of $151.67. The firm has a market cap of $4.10 billion, a P/E ratio of 13.08 and a beta of 1.17. The business’s 50 day moving average price is $134.09 and its 200-day moving average price is $122.79.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. The company had revenue of $385.10 million during the quarter, compared to the consensus estimate of $382.24 million. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. On average, equities research analysts anticipate that AZZ will post 6.78 earnings per share for the current year.

AZZ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 23rd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, April 23rd. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. AZZ’s payout ratio is currently 7.62%.

AZZ announced that its board has authorized a stock buyback plan on Friday, January 30th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.