Wells Fargo & Company Issues Positive Forecast for AZZ (NYSE:AZZ) Stock Price

AZZ (NYSE:AZZ) had its price objective raised by Wells Fargo & Company from $138.00 to $144.00 in a research note issued to investors on Friday, Marketbeat reports. They currently have an equal weight rating on the industrial products company’s stock.

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

AZZ Stock Up 3.8%

Shares of AZZ stock traded up $5.33 during mid-day trading on Friday, hitting $146.23. 436,130 shares of the stock traded hands, compared to its average volume of 351,575. AZZ has a 52-week low of $92.98 and a 52-week high of $162.20. The stock has a market cap of $4.39 billion, a P/E ratio of 22.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.21. The stock’s fifty day moving average is $145.70 and its two-hundred day moving average is $133.44.

AZZ (NYSE:AZZ) last issued its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.16. The firm had revenue of $448.53 million for the quarter, compared to the consensus estimate of $434.58 million. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. Equities analysts predict that AZZ will post 6.78 EPS for the current year.

AZZ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.96 annualized dividend and a yield of 0.7%. This is a boost from AZZ’s previous quarterly dividend of $0.20. AZZ’s payout ratio is presently 14.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position 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 during the period. Capital International Investors lifted its position in AZZ by 2.5% during the 4th quarter. Capital International Investors now owns 2,009,812 shares of the industrial products company’s stock worth $215,412,000 after acquiring an additional 48,565 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in AZZ by 0.9% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in AZZ by 4.4% during the 4th 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 increased its holdings in shares of AZZ by 7.1% in the fourth quarter. Morgan Stanley now owns 771,358 shares of the industrial products company’s stock valued at $82,674,000 after purchasing an additional 51,463 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Key Stories Impacting AZZ

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: AZZ reported Q1 earnings of $1.85 per share, topping estimates, with revenue also beating expectations and rising year over year. AZZ Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its FY2027 outlook, which investors may view as a sign that demand remains robust across its Metal Coatings and Precoat Metal segments. AZZ Shines in Q1 on Metal Coatings Momentum, Boosts Outlook
• Positive Sentiment: Analysts and market commentary highlighted momentum from infrastructure demand, which supports the stock’s recent strength. Why Is AZZ (NYSE:AZZ) in Focus as Infrastructure Demand Holds?
• Neutral Sentiment: Wells Fargo raised its price target on AZZ to $144 from $138, but kept an “equal weight” rating, implying limited upside from the current share price. Wells Fargo price target update
• Neutral Sentiment: Some commentary questioned whether the broader grid/infrastructure boom is enough to justify buying the stock at current levels. AZZ Inc.: The Grid Boom May Not Be Enough To Justify Buying Here

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.