AZZ (NYSE:AZZ) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

AZZ (NYSE:AZZ - Get Free Report) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.59 by $0.19, Zacks reports. AZZ had a net margin of 16.40% and a return on equity of 15.54%. The firm had revenue of $421,962 billion for the quarter, compared to analyst estimates of $435.91 million. During the same period in the prior year, the business posted $1.46 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. AZZ updated its FY 2026 guidance to 5.750-6.250 EPS.

AZZ Stock Down 0.3%

Shares of NYSE AZZ traded down $0.34 during mid-day trading on Friday, reaching $105.95. The company had a trading volume of 503,073 shares, compared to its average volume of 220,718. The company has a current ratio of 1.51, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $93.00 and a two-hundred day simple moving average of $89.05. The stock has a market cap of $3.18 billion, a P/E ratio of 12.28 and a beta of 1.24. AZZ has a 52-week low of $69.59 and a 52-week high of $113.58.

AZZ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from AZZ's previous quarterly dividend of $0.17. The ex-dividend date is Thursday, July 10th. AZZ's dividend payout ratio (DPR) is 50.31%.

Insider Activity at AZZ

In related news, CEO Thomas E. Ferguson sold 26,889 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $85.88, for a total value of $2,309,227.32. Following the transaction, the chief executive officer directly owned 211,458 shares of the company's stock, valued at $18,160,013.04. This trade represents a 11.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.77% of the stock is owned by company insiders.

Institutional Trading of AZZ

A number of large investors have recently bought and sold shares of AZZ. AQR Capital Management LLC boosted its stake in AZZ by 26.2% during the 1st quarter. AQR Capital Management LLC now owns 6,213 shares of the industrial products company's stock worth $519,000 after purchasing an additional 1,290 shares during the period. Royal Bank of Canada boosted its stake in AZZ by 8.8% during the 1st quarter. Royal Bank of Canada now owns 12,619 shares of the industrial products company's stock worth $1,055,000 after purchasing an additional 1,024 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in AZZ by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,488 shares of the industrial products company's stock worth $1,462,000 after purchasing an additional 771 shares during the period. Jane Street Group LLC boosted its stake in AZZ by 185.9% during the 1st quarter. Jane Street Group LLC now owns 51,122 shares of the industrial products company's stock worth $4,274,000 after purchasing an additional 33,238 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in AZZ by 21.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,076 shares of the industrial products company's stock worth $7,030,000 after purchasing an additional 14,965 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AZZ. Wall Street Zen upgraded shares of AZZ from a "hold" rating to a "buy" rating in a report on Saturday. Robert W. Baird increased their target price on shares of AZZ from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday. Sidoti lowered shares of AZZ from a "buy" rating to a "neutral" rating and set a $101.00 target price on the stock. in a report on Monday, June 9th. Finally, Evercore ISI increased their target price on shares of AZZ from $90.00 to $108.00 and gave the stock an "outperform" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, AZZ has an average rating of "Moderate Buy" and a consensus price target of $108.00.

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.