Noble Financial Forecasts AZZ’s FY2028 Earnings (NYSE:AZZ)

AZZ Inc. (NYSE:AZZ) – Noble Financial raised their FY2028 EPS estimates for shares of AZZ in a note issued to investors on Friday, January 30th. Noble Financial analyst M. Reichman now forecasts that the industrial products company will post earnings per share of $7.03 for the year, up from their previous forecast of $6.91. The consensus estimate for AZZ’s current full-year earnings is $5.13 per share. Noble Financial also issued estimates for AZZ’s FY2029 earnings at $7.41 EPS and FY2030 earnings at $7.76 EPS.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. The firm had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $412.97 million. AZZ had a net margin of 19.89% and a return on equity of 14.45%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 EPS. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS.

AZZ has been the topic of several other reports. Wells Fargo & Company reduced their target price on AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Robert W. Baird set a $125.00 target price on shares of AZZ in a research note on Friday, January 9th. Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Finally, Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One research 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 company. Based on data from MarketBeat.com, AZZ presently has an average rating of “Moderate Buy” and an average target price of $117.17.

AZZ Trading Down 0.5%

NYSE AZZ opened at $124.39 on Monday. AZZ has a 12 month low of $70.90 and a 12 month 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 firm has a market capitalization of $3.71 billion, a PE ratio of 11.69 and a beta of 1.13. The business’s 50-day moving average price is $112.94 and its two-hundred day moving average price is $109.67.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 5th will be given a $0.20 dividend. 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 (DPR) is presently 7.52%.

AZZ declared that its Board of Directors has authorized a stock repurchase plan on Friday, January 30th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other AZZ news, insider Tara D. Mackey sold 2,790 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $126.64, for a total transaction of $353,325.60. Following the completion of the sale, the insider owned 25,296 shares in the company, valued at approximately $3,203,485.44. The trade was a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 5,358 shares of company stock worth $659,302. Insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jennison Associates LLC raised its holdings in shares of AZZ by 67.1% in the 4th quarter. Jennison Associates LLC now owns 8,559 shares of the industrial products company’s stock worth $917,000 after acquiring an additional 3,438 shares during the last quarter. Comerica Bank lifted its holdings in shares of AZZ by 39.7% in the fourth quarter. Comerica Bank now owns 12,683 shares of the industrial products company’s stock valued at $1,359,000 after purchasing an additional 3,604 shares in the last quarter. Speece Thorson Capital Group Inc. boosted its position in shares of AZZ by 37.0% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 113,313 shares of the industrial products company’s stock valued at $12,145,000 after buying an additional 30,609 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AZZ by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock valued at $359,843,000 after buying an additional 80,099 shares during the last quarter. Finally, Copeland Capital Management LLC grew its holdings in AZZ by 222.5% during the fourth quarter. Copeland Capital Management LLC now owns 466,140 shares of the industrial products company’s stock worth $49,961,000 after buying an additional 321,611 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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.