Analysts Set AZZ Inc. (NYSE:AZZ) PT at $155.25

Shares of AZZ Inc. (NYSE:AZZ) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $155.25.

Several equities analysts have recently weighed in on AZZ shares. Wall Street Zen downgraded shares of AZZ from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. B. Riley Financial upped their price target on shares of AZZ from $169.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Robert W. Baird raised their price objective on shares of AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company boosted their target price on shares of AZZ from $138.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, July 10th.

AZZ Stock Up 2.3%

AZZ stock opened at $152.65 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.92. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 23.27 and a beta of 1.12. AZZ has a fifty-two week low of $92.98 and a fifty-two week high of $162.20. The stock has a fifty day moving average of $147.73 and a 200-day moving average of $137.87.

AZZ (NYSE:AZZ) last announced its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.05. The company had revenue of $448.53 million during the quarter, compared to analyst estimates of $434.58 million. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities research analysts predict that AZZ will post 6.93 earnings per share for the current year.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.6%. This is a boost from AZZ’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 9th. AZZ’s dividend payout ratio (DPR) is presently 14.63%.

Institutional Trading of AZZ

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in AZZ by 92.5% during the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after buying an additional 124 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of AZZ in the second quarter valued at approximately $30,000. Kestra Advisory Services LLC purchased a new position in AZZ during the fourth quarter valued at approximately $38,000. Clearstead Advisors LLC increased its holdings in AZZ by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 234 shares during the period. Finally, Fifth Third Bancorp lifted its stake in AZZ by 55.9% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other 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.