Noble Financial Comments on AZZ’s Q1 Earnings (NYSE:AZZ)

AZZ Inc. (NYSE:AZZ) – Investment analysts at Noble Financial cut their Q1 2027 earnings per share (EPS) estimates for shares of AZZ in a report issued on Tuesday, February 17th. Noble Financial analyst M. Reichman now expects that the industrial products company will post earnings of $1.80 per share for the quarter, down from their prior estimate of $1.81. Noble Financial currently has a “Outperform” rating on the stock. The consensus estimate for AZZ’s current full-year earnings is $5.13 per share. Noble Financial also issued estimates for AZZ’s Q4 2027 earnings at $1.44 EPS, FY2029 earnings at $7.38 EPS and FY2030 earnings at $7.69 EPS.

AZZ (NYSE:AZZ) last released its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.52 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 firm had revenue of $425.75 million during the quarter, compared to the consensus estimate of $412.97 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS.

Several other brokerages also recently issued reports on AZZ. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, Robert W. Baird set a $125.00 target price on AZZ in a research note on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, AZZ has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

AZZ Stock Performance

Shares of NYSE AZZ opened at $134.82 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $121.24 and its two-hundred day moving average price is $112.12. AZZ has a 52-week low of $70.90 and a 52-week high of $141.18. The stock has a market capitalization of $4.03 billion, a P/E ratio of 12.67 and a beta of 1.13.

AZZ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 5th will be issued a $0.20 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. AZZ’s dividend payout ratio (DPR) is 7.52%.

AZZ declared that its board has initiated a stock buyback plan on Friday, January 30th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 25,000 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the completion of the transaction, the chief executive officer directly owned 158,182 shares of the company’s stock, valued at approximately $20,134,986.78. This trade represents a 13.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tara D. Mackey sold 2,923 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $136.00, for a total value of $397,528.00. Following the completion of the sale, the insider directly owned 22,373 shares in the company, valued at $3,042,728. This represents a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,281 shares of company stock valued at $4,239,080 over the last quarter. Insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in AZZ by 8.8% in the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock valued at $1,055,000 after acquiring an additional 1,024 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of AZZ by 26.2% in the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after purchasing an additional 1,290 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AZZ by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock valued at $1,462,000 after purchasing an additional 771 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AZZ by 21.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company’s stock worth $7,030,000 after buying an additional 14,965 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in AZZ by 185.9% during the first quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after buying an additional 33,238 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

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.