AZZ (NYSE:AZZ) Board Approves Stock Buyback Program

AZZ (NYSE:AZZ) declared that its Board of Directors has authorized a share buyback plan on Friday, January 30th, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

AZZ Stock Performance

Shares of AZZ traded down $0.59 during midday trading on Friday, reaching $124.39. 174,316 shares of the stock were exchanged, compared to its average volume of 150,803. The stock’s 50 day simple moving average is $112.94 and its 200 day simple moving average is $109.64. The company has a market cap of $3.71 billion, a P/E ratio of 11.69 and a beta of 1.13. AZZ has a twelve month low of $70.90 and a twelve month high of $127.88. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41.

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

AZZ Dividend Announcement

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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, February 5th. AZZ’s dividend payout ratio (DPR) is 7.52%.

Insider Activity at AZZ

In other news, insider Tara D. Mackey sold 2,790 shares of the business’s stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is accessible through this link. Insiders sold 5,358 shares of company stock valued at $659,302 over the last quarter. 1.77% of the stock is owned by insiders.

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.