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

AZZ Inc. (NYSE:AZZ) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $152.00.

Several brokerages recently weighed in on AZZ. Robert W. Baird increased their price objective on shares of AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Evercore restated an “outperform” rating and issued a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Finally, B. Riley Financial lifted their price objective on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th.

AZZ Price Performance

Shares of AZZ stock opened at $149.55 on Friday. The stock has a 50-day moving average price of $145.43 and a 200 day moving average price of $132.14. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 14.24 and a beta of 1.11. AZZ has a 12 month low of $92.98 and a 12 month high of $162.20.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.15. The firm had revenue of $385.10 million during the quarter, compared to analysts’ expectations of $382.24 million. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. Research analysts expect that AZZ will post 6.78 EPS for the current year.

AZZ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.6%. This is an increase from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is 7.62%.

Institutional Trading of AZZ

A number of institutional investors and hedge funds have recently modified their holdings of AZZ. Hantz Financial Services Inc. raised its position in shares of AZZ by 92.5% in the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 124 shares during the period. Osterweis Capital Management Inc. acquired a new position in AZZ during the second quarter valued at approximately $30,000. Kestra Advisory Services LLC acquired a new position in AZZ during the fourth quarter valued at approximately $38,000. Clearstead Advisors LLC grew its holdings in AZZ by 184.3% during the fourth quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 234 shares during the period. Finally, Fifth Third Bancorp increased its stake in AZZ by 55.9% in the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 137 shares in the last quarter. 90.93% of the stock is 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.