AZZ Inc. (NYSE:AZZ – Free Report) – Analysts at Noble Financial raised their FY2026 earnings estimates for AZZ in a research report issued on Monday, July 14th. Noble Financial analyst M. Reichman now anticipates that the industrial products company will post earnings per share of $6.00 for the year, up from their previous estimate of $5.83. Noble Financial currently 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 FY2027 earnings at $6.48 EPS, FY2029 earnings at $7.02 EPS and FY2030 earnings at $7.33 EPS.
Several other research analysts have also weighed in on AZZ. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore ISI upped their price target on AZZ from $90.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Sidoti cut AZZ from a “buy” rating to a “neutral” rating and set a $101.00 price target for the company. in a report on Monday, June 9th. Finally, Robert W. Baird boosted their price objective on shares of AZZ from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AZZ presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.
AZZ Stock Performance
NYSE:AZZ opened at $106.28 on Tuesday. The company’s 50-day moving average is $93.68 and its two-hundred day moving average is $89.42. AZZ has a 1-year low of $69.59 and a 1-year high of $113.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.51 and a quick ratio of 1.10. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 12.32 and a beta of 1.24.
AZZ (NYSE:AZZ – Get Free Report) last issued its earnings results on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.19. AZZ had a return on equity of 15.54% and a net margin of 16.40%. The business had revenue of $421,962 billion for the quarter, compared to analysts’ expectations of $435.91 million. During the same period in the previous year, the firm posted $1.46 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year.
AZZ Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, July 10th. This is an increase from AZZ’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.75%. AZZ’s payout ratio is currently 9.27%.
Insider Buying and Selling at AZZ
In related news, CEO Thomas E. Ferguson sold 18,851 shares of AZZ stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $89.91, for a total value of $1,694,893.41. Following the completion of the transaction, the chief executive officer owned 192,607 shares in the company, valued at $17,317,295.37. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.77% of the company’s stock.
Institutional Investors Weigh In On AZZ
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Oliver Luxxe Assets LLC increased its holdings in AZZ by 1.6% in the second quarter. Oliver Luxxe Assets LLC now owns 17,808 shares of the industrial products company’s stock valued at $1,682,000 after buying an additional 280 shares during the last quarter. GAMMA Investing LLC lifted its holdings in AZZ by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after buying an additional 106 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of AZZ during the 2nd quarter worth about $265,000. Hodges Capital Management Inc. purchased a new position in shares of AZZ in the 1st quarter valued at about $1,411,000. Finally, Intech Investment Management LLC raised its position in shares of AZZ by 12.8% during the 1st quarter. Intech Investment Management LLC now owns 25,960 shares of the industrial products company’s stock worth $2,171,000 after acquiring an additional 2,945 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.
AZZ Company Profile
AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.
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