Analysts Offer Predictions for AZZ's Q4 Earnings (NYSE:AZZ)

Key Points

• Analysts at B. Riley have raised their Q4 2027 earnings per share estimate for AZZ to $1.63, slightly above their previous forecast of $1.62, and maintain a Buy rating with a price target of $140.00.
• The upcoming quarterly dividend of $0.20 will be paid on November 6th, with an annualized dividend yield of 0.8%, reflecting a payout ratio of 7.69%.
• Institutional investors hold a significant majority of AZZ, with institutional ownership currently at 90.93%, indicating strong confidence in the company's performance.

AZZ Inc. (NYSE:AZZ - Free Report) - Investment analysts at B. Riley raised their Q4 2027 earnings per share estimates for shares of AZZ in a research report issued to clients and investors on Friday, October 10th. B. Riley analyst N. Giles now anticipates that the industrial products company will post earnings per share of $1.63 for the quarter, up from their previous forecast of $1.62. B. Riley currently has a "Buy" rating and a $140.00 target price on the stock. The consensus estimate for AZZ's current full-year earnings is $5.13 per share.

AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $0.56 EPS for the quarter. The business had revenue of $129.87 million for the quarter. AZZ had a return on equity of 15.01% and a net margin of 19.69%.

Other analysts also recently issued research reports about the company. Noble Financial reaffirmed an "outperform" rating on shares of AZZ in a research note on Monday, July 14th. Evercore ISI lifted their price target on AZZ from $90.00 to $108.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded AZZ from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Wells Fargo & Company dropped their price target on AZZ from $128.00 to $121.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Weiss Ratings reissued a "buy (a-)" rating on shares of AZZ in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, AZZ presently has a consensus rating of "Moderate Buy" and an average price target of $115.43.

AZZ Stock Performance

Shares of AZZ stock opened at $98.58 on Monday. The company has a market capitalization of $2.96 billion, a PE ratio of 9.48 and a beta of 1.30. AZZ has a 12 month low of $70.90 and a 12 month high of $119.95. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The stock's fifty day simple moving average is $112.06 and its 200 day simple moving average is $99.41.

Hedge Funds Weigh In On AZZ

A number of hedge funds and other institutional investors have recently bought and sold shares of AZZ. SG Capital Management LLC bought a new position in AZZ during the second quarter worth about $16,818,000. Allspring Global Investments Holdings LLC bought a new position in AZZ during the second quarter worth about $11,701,000. Westwood Holdings Group Inc. grew its holdings in AZZ by 19.4% during the first quarter. Westwood Holdings Group Inc. now owns 650,072 shares of the industrial products company's stock worth $54,353,000 after purchasing an additional 105,723 shares during the period. Nuveen LLC bought a new position in AZZ during the first quarter worth about $8,772,000. Finally, Speece Thorson Capital Group Inc. bought a new position in AZZ during the second quarter worth about $7,909,000. Institutional investors own 90.93% of the company's stock.

Insider Activity at AZZ

In related news, COO Bryan Lee Stovall sold 5,000 shares of AZZ stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $111.60, for a total value of $558,000.00. Following the sale, the chief operating officer owned 22,709 shares of the company's stock, valued at approximately $2,534,324.40. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas E. Ferguson sold 26,516 shares of AZZ stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $110.85, for a total value of $2,939,298.60. Following the completion of the sale, the chief executive officer directly owned 183,182 shares in the company, valued at approximately $20,305,724.70. This represents a 12.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,837 shares of company stock valued at $5,195,318. 1.77% of the stock is owned by insiders.

AZZ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. AZZ's payout ratio is currently 7.69%.

About AZZ

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.

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