Stock Repurchase Program Declared by AZZ (NYSE:AZZ) Board

AZZ (NYSE:AZZ) announced that its board has approved a share repurchase program on Friday, January 30th, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AZZ. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Robert W. Baird set a $125.00 price objective on AZZ in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, Wells Fargo & Company reduced their target price on AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, AZZ presently has an average rating of “Moderate Buy” and an average price target of $117.17.

AZZ Stock Performance

Shares of AZZ stock opened at $124.39 on Friday. AZZ has a 1-year low of $70.90 and a 1-year high of $127.88. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $112.94 and its 200-day simple moving average is $109.67. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 11.69 and a beta of 1.13.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. AZZ had a net margin of 19.89% and a return on equity of 14.45%. The business had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $412.97 million. During the same quarter last year, the company posted $1.39 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts predict that AZZ will post 5.13 earnings per share for the current fiscal year.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.80 annualized dividend and a yield of 0.6%. AZZ’s dividend payout ratio is currently 7.52%.

Insider Transactions at AZZ

In other news, insider Tara D. Mackey sold 2,790 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $126.64, for a total value of $353,325.60. Following the transaction, the insider owned 25,296 shares of the company’s stock, valued at approximately $3,203,485.44. This trade represents a 9.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 5,358 shares of company stock worth $659,302. Corporate insiders own 1.77% of the company’s stock.

AZZ Company Profile

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.