AZZ Inc. (NYSE:AZZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of AZZ Inc. (NYSE:AZZ) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $112.2857.

AZZ has been the topic of several research reports. Evercore ISI boosted their price target on shares of AZZ from $90.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Sidoti lowered shares of AZZ from a “buy” rating to a “neutral” rating and set a $101.00 price target on the stock. in a research report on Monday, June 9th. Zacks Research lowered shares of AZZ from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen lowered shares of AZZ from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Noble Financial reaffirmed an “outperform” rating on shares of AZZ in a research note on Monday, July 14th.

Insider Activity at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 26,516 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $110.85, for a total value of $2,939,298.60. Following the completion of the transaction, the chief executive officer owned 183,182 shares of the company’s stock, valued at $20,305,724.70. The trade was a 12.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Bryan Lee Stovall sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $111.60, for a total transaction of $558,000.00. Following the completion of the transaction, the chief operating officer directly owned 22,709 shares of the company’s stock, valued at approximately $2,534,324.40. This represents a 18.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,837 shares of company stock valued at $5,195,318. Corporate insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On AZZ

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new position in AZZ in the 2nd quarter worth approximately $2,950,000. State of Wyoming purchased a new stake in shares of AZZ in the 2nd quarter valued at $573,000. Public Sector Pension Investment Board boosted its stake in shares of AZZ by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,984 shares of the industrial products company’s stock valued at $9,635,000 after purchasing an additional 7,194 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of AZZ by 182.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 1,934 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of AZZ by 22.7% in the 2nd quarter. Corient Private Wealth LLC now owns 4,298 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Price Performance

AZZ opened at $117.25 on Friday. The firm has a market cap of $3.52 billion, a P/E ratio of 13.59 and a beta of 1.30. The firm has a 50-day moving average of $111.31 and a 200 day moving average of $96.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.51. AZZ has a fifty-two week low of $70.90 and a fifty-two week high of $119.95.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.19. AZZ had a net margin of 16.40% and a return on equity of 15.54%. The company had revenue of $421.96 million during the quarter, compared to analyst estimates of $435.91 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.750-6.250 EPS. On average, research analysts expect that AZZ will post 5.13 EPS for the current year.

AZZ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were paid a dividend of $0.20 per share. This is an increase from AZZ’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, July 10th. AZZ’s dividend payout ratio is presently 9.27%.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.