Noble Financial Has Optimistic Outlook of AZZ Q2 Earnings

AZZ Inc. (NYSE:AZZ) – Investment analysts at Noble Financial lifted their Q2 2027 earnings estimates for AZZ in a report issued on Tuesday, February 17th. Noble Financial analyst M. Reichman now forecasts that the industrial products company will post earnings of $1.74 per share for the quarter, up from their previous estimate of $1.72. Noble Financial 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 Q3 2027 earnings at $1.72 EPS, FY2027 earnings at $6.70 EPS and FY2028 earnings at $7.05 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, beating the consensus estimate of $1.43 by $0.09. AZZ had a net margin of 19.89% and a return on equity of 14.45%. The business had revenue of $425.75 million during the quarter, compared to analyst estimates of $412.97 million. During the same quarter last year, the business earned $1.39 earnings per share. AZZ’s quarterly revenue was up 5.5% compared to the same quarter last year. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS.

AZZ has been the topic of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Robert W. Baird set a $125.00 price objective on shares of AZZ in a research note on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.00.

AZZ Stock Down 1.7%

Shares of NYSE:AZZ opened at $137.83 on Wednesday. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 12.95 and a beta of 1.13. AZZ has a 12 month low of $70.90 and a 12 month high of $141.18. 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 company has a 50-day moving average price of $119.69 and a 200 day moving average price of $111.61.

Institutional Trading of AZZ

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of AZZ by 8.8% during the first quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock valued at $1,055,000 after purchasing an additional 1,024 shares in the last quarter. AQR Capital Management LLC boosted its position in AZZ by 26.2% during the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock valued at $519,000 after acquiring an additional 1,290 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of AZZ by 4.6% in the 1st 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 acquiring an additional 771 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of AZZ by 21.7% in the 1st 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 acquiring an additional 14,965 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of AZZ by 185.9% during the 1st quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after purchasing an additional 33,238 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Insider Buying and Selling at AZZ

In other news, CEO Thomas E. Ferguson sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $127.29, for a total value of $3,182,250.00. Following the transaction, the chief executive officer directly owned 158,182 shares in the company, valued at approximately $20,134,986.78. This represents a 13.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tara D. Mackey sold 2,923 shares of AZZ stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $136.00, for a total transaction of $397,528.00. Following the sale, the insider owned 22,373 shares of the company’s stock, valued at $3,042,728. The trade was a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,281 shares of company stock worth $4,239,080 in the last ninety days. 1.77% of the stock is currently owned by corporate insiders.

AZZ announced that its Board of Directors has authorized a share 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 buy up to 2.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

AZZ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, February 5th. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. AZZ’s payout ratio is presently 7.52%.

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.