AZZ Inc. (NYSE:AZZ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of AZZ Inc. (NYSE:AZZGet Free Report) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $152.00.

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. B. Riley Financial lifted their target price on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Evercore reiterated an “outperform” rating and issued a $152.00 price target on shares of AZZ in a research report on Monday, April 27th. Finally, Robert W. Baird increased their price target on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th.

Check Out Our Latest Research Report on AZZ

AZZ Stock Down 0.1%

Shares of NYSE AZZ opened at $143.90 on Friday. The company has a 50 day simple moving average of $145.55 and a 200 day simple moving average of $133.11. The firm has a market cap of $4.32 billion, a PE ratio of 13.70 and a beta of 1.11. AZZ has a 1 year low of $92.98 and a 1 year high of $162.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21.

AZZ (NYSE:AZZGet Free Report) last posted its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.16. AZZ had a net margin of 19.23% and a return on equity of 14.47%. The firm had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. During the same period in the previous year, the firm posted $1.78 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. On average, research analysts forecast that AZZ will post 6.78 EPS for the current year.

AZZ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a $0.24 dividend. The ex-dividend date is Thursday, July 9th. This is a boost from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a yield of 0.7%. AZZ’s dividend payout ratio (DPR) is currently 7.62%.

More AZZ News

Here are the key news stories impacting AZZ this week:

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in shares of AZZ in the 2nd quarter worth approximately $67,000. Janus Henderson Group PLC boosted its stake in shares of AZZ by 162.1% in the 1st quarter. Janus Henderson Group PLC now owns 88,273 shares of the industrial products company’s stock valued at $11,047,000 after purchasing an additional 54,590 shares during the last quarter. Smith Group Asset Management LLC increased its position in shares of AZZ by 11.1% during the first quarter. Smith Group Asset Management LLC now owns 29,221 shares of the industrial products company’s stock worth $3,656,000 after buying an additional 2,931 shares during the period. Amundi increased its position in shares of AZZ by 61.1% during the first quarter. Amundi now owns 10,547 shares of the industrial products company’s stock worth $1,320,000 after buying an additional 4,002 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in AZZ by 14.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,961 shares of the industrial products company’s stock worth $245,000 after buying an additional 251 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

About AZZ

(Get Free Report)

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.

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