AZZ (NYSE:AZZ) Releases Quarterly Earnings Results

AZZ (NYSE:AZZ) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.16, FiscalAI reports. The firm had revenue of $448.53 million during the quarter, compared to the consensus estimate of $434.58 million. AZZ had a return on equity of 14.47% and a net margin of 19.23%. AZZ updated its FY 2027 guidance to 6.750-7.150 EPS.

AZZ Trading Down 0.1%

Shares of NYSE:AZZ traded down $0.15 on Wednesday, reaching $143.90. 398,948 shares of the company traded hands, compared to its average volume of 216,204. The business’s 50-day simple moving average is $145.57 and its 200 day simple moving average is $132.86. AZZ has a 52 week low of $92.98 and a 52 week high of $162.20. The stock has a market capitalization of $4.32 billion, a P/E ratio of 13.70 and a beta of 1.11. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

AZZ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, July 9th. This is a positive change from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a yield of 0.7%. AZZ’s dividend payout ratio (DPR) is currently 7.62%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Robert W. Baird upped their price objective on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. B. Riley Financial raised their price objective on AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Evercore restated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.00.

Institutional Investors Weigh In On AZZ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. purchased a new stake in AZZ during the 2nd quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in shares of AZZ in the fourth quarter valued at about $38,000. Quarry LP raised its stake in shares of AZZ by 219.9% during the third quarter. Quarry LP now owns 435 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 299 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of AZZ during the fourth quarter worth about $54,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of AZZ by 1,145.3% during the second quarter. EverSource Wealth Advisors LLC now owns 934 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 859 shares during the period. 90.93% of the stock is currently owned by institutional investors.

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.