AZZ Inc. (NYSE:AZZ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AZZ Inc. (NYSE:AZZ) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $155.25.

Several brokerages have recently issued reports on AZZ. Wells Fargo & Company increased their price target on shares of AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings downgraded AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 9th. Finally, B. Riley Financial upped their target price on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 13th.

Insider Buying and Selling at AZZ

In other AZZ news, COO Jeffrey Vellines sold 4,220 shares of AZZ stock in a transaction dated Tuesday, August 11th. The stock was 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 $281,610.70. The trade was a 69.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Bryan Lee Stovall sold 2,677 shares of the company’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 transaction, the chief operating officer directly owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. This represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AZZ

Several hedge funds and other institutional investors have recently made changes to their positions in AZZ. Kilter Group LLC acquired a new position in AZZ in the second quarter valued at approximately $33,000. Hantz Financial Services Inc. raised its holdings in AZZ by 92.5% during 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 in the last quarter. Clearstead Advisors LLC lifted its position in shares of AZZ by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after buying an additional 234 shares during the last quarter. Allworth Financial LP acquired a new position in shares of AZZ in the 2nd quarter valued at $60,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of AZZ in the 2nd quarter valued at $66,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

AZZ Stock Up 1.0%

NYSE:AZZ opened at $138.21 on Thursday. AZZ has a 52 week low of $92.98 and a 52 week high of $162.20. The stock’s fifty day moving average is $143.30 and its two-hundred day moving average is $140.65. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 21.07 and a beta of 1.11. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $434.58 million. During the same quarter in the previous year, the business earned $1.78 EPS. The company’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. Research analysts anticipate that AZZ will post 7.06 EPS for the current year.

AZZ Company Profile

AZZ Inc (NYSE: AZZ) is a provider of metal coating and coil coating solutions serving industrial and infrastructure markets. The company’s Metal Coatings segment offers hot-dip galvanizing, powder coating, anodizing and related finishing services designed to protect steel and other metal products from corrosion and extend their service life.

Through its Precoat Metals business, AZZ provides continuous coil coating services for flat-rolled steel and aluminum. Its coatings are used in products and applications including building materials, transportation equipment, appliances, consumer goods, packaging and other manufactured components.