Noble Financial Issues Optimistic Estimate for AZZ Earnings

AZZ Inc. (NYSE:AZZ) – Investment analysts at Noble Financial increased their FY2028 earnings estimates for AZZ in a research note issued to investors on Friday, January 30th. Noble Financial analyst M. Reichman now expects that the industrial products company will post earnings of $7.03 per share for the year, up from their prior forecast of $6.91. The consensus estimate for AZZ’s current full-year earnings is $5.13 per share. Noble Financial also issued estimates for AZZ’s FY2029 earnings at $7.41 EPS and FY2030 earnings at $7.76 EPS.

Several other analysts have also recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a report on Monday, December 29th. Robert W. Baird set a $125.00 target price on shares of AZZ in a research report on Friday, January 9th. Wells Fargo & Company decreased their price target on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded shares of AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AZZ presently has a consensus rating of “Moderate Buy” and an average price target of $117.17.

AZZ Trading Down 0.5%

Shares of NYSE:AZZ opened at $124.39 on Monday. AZZ has a 12-month low of $70.90 and a 12-month high of $127.88. The stock has a market cap of $3.71 billion, a PE ratio of 11.69 and a beta of 1.13. The business has a 50 day moving average of $112.94 and a 200-day moving average of $109.67. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41.

AZZ (NYSE:AZZ) last posted its earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The company had revenue of $425.75 million during the quarter, compared to analysts’ expectations of $412.97 million. AZZ had a net margin of 19.89% and a return on equity of 14.45%. AZZ’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS.

AZZ declared that its board has approved a stock repurchase plan on Friday, January 30th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

AZZ Announces Dividend

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

Insider Activity

In other news, insider Tara D. Mackey sold 2,790 shares of AZZ stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $126.64, for a total value of $353,325.60. Following the transaction, the insider owned 25,296 shares in the company, valued at approximately $3,203,485.44. This trade represents a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 5,358 shares of company stock valued at $659,302. Company insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oliver Luxxe Assets LLC grew its holdings in shares of AZZ by 0.5% during 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. GAMMA Investing LLC increased its holdings in shares of AZZ by 39.6% during the second quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company’s stock worth $35,000 after buying an additional 106 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of AZZ by 40.1% during the third quarter. Smartleaf Asset Management LLC now owns 458 shares of the industrial products company’s stock worth $50,000 after buying an additional 131 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of AZZ by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 8,437 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 153 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of AZZ by 56.8% during the 3rd quarter. Huntington National Bank now owns 428 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 155 shares in the last quarter. Institutional investors 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.