AZZ Inc. (NYSE:AZZ) Stock Has Average Price Target of $153.20 According to Analysts

AZZ Inc. (NYSE:AZZ) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $153.20.

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded AZZ from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Robert W. Baird reduced their price objective on AZZ from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Wells Fargo & Company boosted their target price on AZZ from $144.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Barclays upped their target price on AZZ from $140.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Finally, B. Riley Financial raised their price target on AZZ from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, October 15th.

AZZ Price Performance

AZZ stock opened at $125.89 on Friday. The business has a 50 day moving average price of $135.55 and a 200 day moving average price of $138.25. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 22.68 and a beta of 1.17. AZZ has a fifty-two week low of $94.61 and a fifty-two week high of $162.20.

AZZ (NYSE:AZZ) last announced its quarterly earnings results on Tuesday, October 13th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $486.89 million for the quarter, compared to analyst estimates of $467.14 million. AZZ had a net margin of 9.59% and a return on equity of 14.85%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS. Equities research analysts anticipate that AZZ will post 7.16 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, October 19th were given a $0.24 dividend. The ex-dividend date was Monday, October 19th. This represents a $0.96 annualized dividend and a dividend yield of 0.8%. AZZ’s payout ratio is currently 17.30%.

Insider Transactions at AZZ

In related news, COO Bryan Lee Stovall sold 2,677 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $150.07, for a total value of $401,737.39. Following the sale, the chief operating officer directly owned 35,000 shares of the company’s stock, valued at approximately $5,252,450. This represents a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey Vellines sold 4,220 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total transaction of $647,981.00. Following the transaction, the chief operating officer owned 1,834 shares of the company’s stock, valued at $281,610.70. This trade represents a 69.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of AZZ

Institutional investors and hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. raised its position in shares of AZZ by 3.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,723 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 97 shares during the last quarter. Ethic Inc. lifted its stake in AZZ by 6.0% in the 3rd quarter. Ethic Inc. now owns 1,848 shares of the industrial products company’s stock valued at $248,000 after buying an additional 104 shares in the last quarter. GAMMA Investing LLC lifted its stake in AZZ by 27.5% in the 3rd quarter. GAMMA Investing LLC now owns 658 shares of the industrial products company’s stock valued at $88,000 after buying an additional 142 shares in the last quarter. Tidal Investments LLC grew its holdings in AZZ by 0.7% during the 2nd quarter. Tidal Investments LLC now owns 21,919 shares of the industrial products company’s stock valued at $3,399,000 after buying an additional 161 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in AZZ by 38.6% during the 3rd quarter. Signaturefd LLC now owns 593 shares of the industrial products company’s stock valued at $80,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ Company Profile