AZZ (NYSE:AZZ) Given New $145.00 Price Target at Wells Fargo & Company

AZZ (NYSE:AZZ) had its price objective upped by research analysts at Wells Fargo & Company from $144.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 8.57% from the stock’s current price.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of AZZ in a research note on Tuesday, October 6th. Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Barclays set a $145.00 price target on AZZ in a research report on Thursday. Robert W. Baird cut their price target on AZZ from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday. Finally, B. Riley Financial reiterated a “buy” rating and set a $174.00 price target (up from $170.00) on shares of AZZ in a report on Thursday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.20.

AZZ Stock Performance

AZZ stock traded down $4.11 during mid-day trading on Thursday, reaching $133.55. 30,737 shares of the stock traded hands, compared to its average volume of 233,170. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. AZZ has a 52 week low of $94.61 and a 52 week high of $162.20. The business has a 50-day moving average of $139.88 and a two-hundred day moving average of $142.08. The firm has a market capitalization of $4.01 billion, a PE ratio of 24.11 and a beta of 1.13.

AZZ (NYSE:AZZ) last issued its quarterly earnings results on Tuesday, October 13th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.14. The company had revenue of $486.89 million for the quarter, compared to the consensus estimate of $463.44 million. AZZ had a return on equity of 15.05% and a net margin of 9.59%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $1.55 earnings per share. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS. As a group, equities analysts predict that AZZ will post 7.06 EPS for the current fiscal year.

Insider Buying and Selling at AZZ

In other AZZ news, COO Jeffrey Vellines sold 4,220 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total value of $647,981.00. Following the sale, the chief operating officer directly owned 1,834 shares in the company, valued at $281,610.70. This trade represents a 69.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Bryan Lee Stovall sold 2,677 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $150.07, for a total transaction of $401,737.39. Following the transaction, the chief operating officer owned 35,000 shares in the company, valued at approximately $5,252,450. The trade was a 7.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On AZZ

A number of institutional investors have recently added to or reduced their stakes in AZZ. BlackRock Inc. bought a new position in AZZ during the second quarter valued at about $719,876,000. SEB Asset Management AB acquired a new position in AZZ in the 1st quarter valued at approximately $45,297,000. Bank of New York Mellon Corp bought a new stake in shares of AZZ in the 2nd quarter worth approximately $35,818,000. Bank of America Corp DE bought a new stake in shares of AZZ in the 2nd quarter worth approximately $32,505,000. Finally, Jupiter Topco LLC bought a new stake in shares of AZZ in the 2nd quarter worth approximately $14,588,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting AZZ

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: AZZ reported adjusted EPS of $2.00, beating the $1.86 consensus estimate, while revenue rose 16.7% year over year to $486.9 million, above expectations. Both Metal Coatings and Precoat Metals delivered record quarterly sales, supporting investor confidence in continued operating growth. AZZ fiscal 2027 second-quarter results
• Positive Sentiment: Adjusted EBITDA increased 22.8% to $110.9 million, margins improved, and operating cash flow surged 76.1% to $102.8 million. AZZ also repurchased $20 million of stock and completed the acquisition of Seattle Galvanizing, adding support for shareholder returns and expansion. AZZ tops second-quarter EPS and raises guidance
• Positive Sentiment: Management raised fiscal 2027 guidance to revenue of $1.8 billion-$1.9 billion and EPS of $7.00-$7.30. The midpoint is broadly aligned with analyst expectations, but the guidance increase reinforces the view that demand and execution remain healthy.
• Neutral Sentiment: Barclays upgraded AZZ to “hold” or “equal weight,” which is less bearish than a sell-oriented view but does not provide a strong bullish catalyst. Barclays initiates coverage of AZZ at equal weight
• Negative Sentiment: Robert W. Baird lowered its price target from $155 to $150 and assigned a neutral rating. Although the revised target still implies potential upside, the reduction indicates more limited near-term appreciation after the recent earnings strength.
• Negative Sentiment: Reported GAAP net income and EPS declined year over year because the prior-year period benefited from a one-time equity gain related to AZZ’s AVAIL joint venture. While adjusted earnings improved substantially, the GAAP decline could temper enthusiasm among some investors. AZZ second-quarter profit report

About AZZ

AZZ Inc is a provider of metal coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals segments, helping protect and enhance the performance, appearance, and durability of steel and other metal products used across a range of industries.

Through its Metal Coatings segment, AZZ provides hot-dip galvanizing, powder coating, anodizing, plating, and related coating services. These treatments are used for corrosion protection and finishing applications involving infrastructure, construction, industrial, transportation, and other metal products.

Precoat Metals provides coil coating services for steel and aluminum products before they are fabricated.