AZZ Inc. (NYSE:AZZ) Given Average Recommendation of “Moderate Buy” by Analysts

AZZ Inc. (NYSE:AZZ) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $117.1667.

AZZ has been the topic of several research analyst reports. Weiss Ratings reaffirmed 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 AZZ in a research report on Friday, January 9th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Wells Fargo & Company cut their price objective on AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a report on Friday, October 10th.

Insider Buying and Selling at AZZ

In other news, insider Tara D. Mackey sold 2,790 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $126.64, for a total transaction of $353,325.60. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas E. Ferguson sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the completion of the transaction, the chief executive officer owned 158,182 shares of the company’s stock, valued at $20,134,986.78. This trade represents a 13.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,358 shares of company stock worth $3,841,552. Corporate insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On AZZ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of AZZ by 8.8% during the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 1,024 shares in the last quarter. AQR Capital Management LLC boosted its stake in AZZ by 26.2% in the first quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company’s stock worth $519,000 after buying an additional 1,290 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AZZ by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company’s stock valued at $1,462,000 after acquiring an additional 771 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of AZZ by 21.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company’s stock worth $7,030,000 after acquiring an additional 14,965 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of AZZ by 185.9% in the 1st quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 33,238 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

AZZ Trading Down 0.1%

Shares of AZZ opened at $127.58 on Wednesday. AZZ has a twelve month low of $70.90 and a twelve month high of $130.69. The stock has a market cap of $3.81 billion, a PE ratio of 11.99 and a beta of 1.13. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $113.84 and its 200-day moving average price is $109.89.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts forecast that AZZ will post 5.13 EPS for the current fiscal year.

AZZ Announces Dividend

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

AZZ declared that its board has approved a share buyback program on Friday, January 30th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About AZZ

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.