Stock Buyback Program Announced by AZZ (NYSE:AZZ) Board

AZZ (NYSE:AZZ) announced that its Board of Directors has approved a share repurchase plan on Friday, January 30th, RTT News reports. The company plans to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

AZZ Stock Down 0.5%

AZZ opened at $124.39 on Friday. AZZ has a 12 month low of $70.90 and a 12 month high of $127.88. The business has a 50-day moving average of $112.94 and a two-hundred day moving average of $109.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.21. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 11.69 and a beta of 1.13.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $412.97 million. During the same period in the prior year, the firm posted $1.39 EPS. The company’s revenue was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts expect that AZZ will post 5.13 earnings per share for the current year.

AZZ Announces Dividend

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

Analyst Ratings Changes

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

Insider Activity at AZZ

In related news, insider Tara D. Mackey sold 2,790 shares of the 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 directly owned 25,296 shares of the company’s stock, valued at approximately $3,203,485.44. This trade represents a 9.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 5,358 shares of company stock worth $659,302. Corporate insiders own 1.77% 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.