AZZ (NYSE:AZZ) Stock Price Target Lowered at Robert W. Baird

AZZ (NYSE:AZZ) had its price target lowered by investment analysts at Robert W. Baird from $155.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target points to a potential upside of 9.18% from the stock’s current price.

Several other research firms have also recently weighed in on AZZ. Wall Street Zen cut AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. B. Riley Financial boosted their target price on shares of AZZ from $169.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research report on Tuesday, October 6th. Wells Fargo & Company upped their target price on shares of AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Finally, Barclays initiated coverage on shares of AZZ in a research note on Wednesday. They set an “equal weight” rating and a $140.00 target price for the company. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.20.

AZZ Price Performance

Shares of NYSE:AZZ opened at $137.39 on Thursday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 24.76 and a beta of 1.13. The business has a 50 day moving average price of $139.88 and a 200 day moving average price of $142.08. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. AZZ has a twelve month low of $94.61 and a twelve month high of $162.20.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Tuesday, October 13th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.86 by $0.14. The company had revenue of $486.89 million for the quarter, compared to the consensus estimate of $463.44 million. AZZ had a return on equity of 15.05% and a net margin of 9.59%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS. Research analysts predict that AZZ will post 7.06 earnings per share for the current year.

Insider Activity at AZZ

In related news, COO Jeffrey Vellines sold 4,220 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $153.55, for a total transaction of $647,981.00. Following the completion of the transaction, the chief operating officer owned 1,834 shares in the company, valued at $281,610.70. This trade represents a 69.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Bryan Lee Stovall sold 2,677 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $150.07, for a total value of $401,737.39. Following the transaction, the chief operating officer owned 35,000 shares of the company’s stock, valued at $5,252,450. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AZZ. Kilter Group LLC bought a new position in shares of AZZ during the second quarter valued at $33,000. Allworth Financial LP acquired a new stake in shares of AZZ in the 2nd quarter valued at $60,000. Integrated Wealth Concepts LLC bought a new stake in shares of AZZ in the 2nd quarter worth about $66,000. Harbor Investment Advisory LLC bought a new stake in shares of AZZ in the 2nd quarter worth about $67,000. Finally, GAMMA Investing LLC grew its holdings in shares of AZZ by 27.5% in the 3rd quarter. GAMMA Investing LLC now owns 658 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 142 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

About AZZ

AZZ Inc is a provider of metal coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals segments, helping protect and enhance the performance, appearance, and durability of steel and other metal products used across a range of industries.

Through its Metal Coatings segment, AZZ provides hot-dip galvanizing, powder coating, anodizing, plating, and related coating services. These treatments are used for corrosion protection and finishing applications involving infrastructure, construction, industrial, transportation, and other metal products.

Precoat Metals provides coil coating services for steel and aluminum products before they are fabricated.