AZZ (NYSE:AZZ) Hits New 1-Year High – Here’s What Happened

Shares of AZZ Inc. (NYSE:AZZ) reached a new 52-week high during trading on Thursday . The stock traded as high as $161.80 and last traded at $160.4780, with a volume of 31111 shares changing hands. The stock had previously closed at $152.93.

Analyst Upgrades and Downgrades

AZZ has been the subject of several research reports. 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 report on Friday, April 24th. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Evercore reissued an “outperform” rating and set a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Weiss Ratings restated a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Finally, Robert W. Baird upped their price objective on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.00.

AZZ Price Performance

The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 15.27 and a beta of 1.13. The company has a fifty day simple moving average of $142.99 and a two-hundred day simple moving average of $130.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70.

AZZ (NYSE:AZZ) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.15. The business had revenue of $385.10 million for 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 business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. As a group, research analysts anticipate that AZZ Inc. will post 6.78 earnings per share for the current year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 23rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s dividend payout ratio (DPR) is presently 7.62%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Lido Advisors LLC boosted its position in shares of AZZ by 3.0% in the fourth quarter. Lido Advisors LLC now owns 2,633 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 77 shares during the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of AZZ by 0.5% in the 4th quarter. Oliver Luxxe Assets LLC now owns 18,164 shares of the industrial products company’s stock valued at $1,947,000 after purchasing an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of AZZ by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,882 shares of the industrial products company’s stock valued at $738,000 after purchasing an additional 100 shares during the last quarter. LPL Financial LLC grew its stake in shares of AZZ by 1.0% during the 4th quarter. LPL Financial LLC now owns 10,593 shares of the industrial products company’s stock valued at $1,135,000 after buying an additional 101 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of AZZ by 92.5% during the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock worth $28,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

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.