AZZ (NYSE:AZZ - Free Report) had its price objective increased by Robert W. Baird from $110.00 to $120.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the industrial products company's stock.
Other equities analysts have also recently issued reports about the stock. Noble Financial reiterated an "outperform" rating on shares of AZZ in a research note on Monday, July 14th. Evercore ISI upped their target price on shares of 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 upgraded shares of AZZ from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Wells Fargo & Company upgraded shares of AZZ to a "strong-buy" rating in a research note on Thursday, August 14th. Finally, Sidoti cut shares of AZZ from a "buy" rating to a "neutral" rating and set a $101.00 target price for the company. in a research note on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.29.
View Our Latest Report on AZZ
AZZ Stock Performance
Shares of AZZ stock traded down $0.5580 on Friday, reaching $112.6720. The stock had a trading volume of 193,743 shares, compared to its average volume of 264,842. The business's 50-day moving average price is $103.28 and its two-hundred day moving average price is $93.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.51. AZZ has a fifty-two week low of $70.90 and a fifty-two week high of $117.35. The stock has a market cap of $3.38 billion, a P/E ratio of 13.06 and a beta of 1.30.
AZZ (NYSE:AZZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.19. AZZ had a net margin of 16.40% and a return on equity of 15.54%. The business had revenue of $421,962 billion during the quarter, compared to analysts' expectations of $435.91 million. During the same period in the previous year, the company earned $1.46 earnings per share. AZZ's revenue for the quarter was up 2.1% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts forecast that AZZ will post 5.13 EPS for the current year.
AZZ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a $0.20 dividend. This is a boost from AZZ's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.80 annualized dividend and a yield of 0.7%. AZZ's payout ratio is presently 9.27%.
Insider Transactions at AZZ
In other news, COO Bryan Lee Stovall sold 5,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were 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. This represents a 18.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas E. Ferguson sold 26,516 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $110.85, for a total transaction 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. The trade was a 12.64% decrease in their position. The disclosure for this sale can be found here. In 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.
Institutional Investors Weigh In On AZZ
Several large investors have recently made changes to their positions in AZZ. Bank of America Corp DE grew its holdings in shares of AZZ by 554.6% in the 4th quarter. Bank of America Corp DE now owns 251,823 shares of the industrial products company's stock worth $20,629,000 after purchasing an additional 213,355 shares during the last quarter. SG Capital Management LLC bought a new stake in AZZ during the 2nd quarter worth about $16,818,000. Wellington Management Group LLP grew its holdings in AZZ by 19.2% during the 4th quarter. Wellington Management Group LLP now owns 882,308 shares of the industrial products company's stock worth $72,279,000 after acquiring an additional 142,215 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in AZZ during the 4th quarter worth about $10,612,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in AZZ by 4.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,729,287 shares of the industrial products company's stock worth $223,584,000 after acquiring an additional 124,392 shares during the last quarter. Institutional investors own 90.93% of the company's stock.
About AZZ
(
Get Free Report)
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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