AZZ (NYSE:AZZ) Posts Earnings Results, Beats Estimates By $0.16 EPS

AZZ (NYSE:AZZ) released its quarterly earnings results on Wednesday. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.16, FiscalAI reports. The business had revenue of $448.53 million for the quarter, compared to analysts’ expectations of $434.58 million. AZZ had a net margin of 19.23% and a return on equity of 14.47%. AZZ updated its FY 2027 guidance to 6.750-7.150 EPS.

AZZ Stock Performance

NYSE AZZ traded down $0.15 on Wednesday, hitting $143.90. 398,948 shares of the stock traded hands, compared to its average volume of 216,204. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70. The business’s fifty day moving average is $145.57 and its two-hundred day moving average is $132.86. AZZ has a 12 month low of $92.98 and a 12 month high of $162.20. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 13.70 and a beta of 1.11.

AZZ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a $0.24 dividend. The ex-dividend date is Thursday, July 9th. This is a positive change 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AZZ. B. Riley Financial boosted their target price on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a report on Wednesday, May 20th. Evercore restated an “outperform” rating and issued a $152.00 price objective on shares of AZZ in a research note on Monday, April 27th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Robert W. Baird lifted their target price on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $152.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AZZ. Price T Rowe Associates Inc. MD lifted its holdings in shares of AZZ by 861.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 315,485 shares of the industrial products company’s stock worth $33,814,000 after buying an additional 282,676 shares in the last quarter. Wellington Management Group LLP grew its stake in AZZ by 93.2% during the fourth quarter. Wellington Management Group LLP now owns 549,291 shares of the industrial products company’s stock valued at $58,873,000 after acquiring an additional 264,956 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in AZZ by 131.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 299,147 shares of the industrial products company’s stock worth $32,063,000 after acquiring an additional 169,772 shares during the period. Invesco Ltd. lifted its stake in AZZ by 103.5% in the 3rd quarter. Invesco Ltd. now owns 276,990 shares of the industrial products company’s stock worth $30,228,000 after purchasing an additional 140,877 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new position in AZZ in the 4th quarter valued at $11,200,000. Institutional investors own 90.93% of the company’s stock.

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.