AZZ (NYSE:AZZ) Stock Rating Lowered by Wells Fargo & Company

AZZ (NYSE:AZZ) was downgraded by equities research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday. They currently have a $132.00 price target on the industrial products company’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 3.05% from the stock’s current price.

AZZ has been the topic of several other reports. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Robert W. Baird set a $125.00 price objective on AZZ in a research note on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, Noble Financial reiterated an “outperform” rating on shares of AZZ in a research note on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.20.

AZZ Stock Up 1.3%

AZZ opened at $136.15 on Monday. 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 stock has a market cap of $4.07 billion, a price-to-earnings ratio of 12.80 and a beta of 1.11. AZZ has a twelve month low of $70.90 and a twelve month high of $141.18. The company’s 50-day moving average price is $123.89 and its two-hundred day moving average price is $112.96.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.09. The company had revenue of $425.75 million during the quarter, compared to analyst estimates 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 business posted $1.39 EPS. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts expect that AZZ will post 5.13 earnings per share for the current year.

AZZ declared that its board has approved a share 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 purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at AZZ

In related news, CEO Thomas E. Ferguson sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $127.29, for a total transaction of $3,182,250.00. Following the sale, the chief executive officer owned 158,182 shares of the company’s stock, valued at approximately $20,134,986.78. This represents a 13.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tara D. Mackey sold 2,923 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $136.00, for a total transaction of $397,528.00. Following the completion of the sale, the insider owned 22,373 shares in the company, valued at $3,042,728. This represents a 11.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 33,281 shares of company stock valued at $4,239,080. 1.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AZZ

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of AZZ by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock valued at $359,843,000 after acquiring an additional 80,099 shares in the last quarter. Capital International Investors increased its position in shares of AZZ by 2.5% in the fourth quarter. Capital International Investors now owns 2,009,812 shares of the industrial products company’s stock worth $215,412,000 after purchasing an additional 48,565 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in AZZ by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,783,663 shares of the industrial products company’s stock valued at $191,174,000 after purchasing an additional 15,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in AZZ by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,182,140 shares of the industrial products company’s stock valued at $126,706,000 after purchasing an additional 49,509 shares during the last quarter. Finally, Morgan Stanley grew its stake in AZZ by 7.1% in the 4th quarter. Morgan Stanley now owns 771,358 shares of the industrial products company’s stock worth $82,674,000 after buying an additional 51,463 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

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.