B. Riley Research Analysts Lift Earnings Estimates for AZZ

AZZ Inc. (NYSE:AZZ - Free Report) - Research analysts at B. Riley increased their FY2026 earnings per share (EPS) estimates for AZZ in a note issued to investors on Friday, July 11th. B. Riley analyst N. Giles now anticipates that the industrial products company will post earnings of $6.17 per share for the year, up from their previous forecast of $6.03. The consensus estimate for AZZ's current full-year earnings is $5.13 per share. B. Riley also issued estimates for AZZ's Q4 2026 earnings at $1.31 EPS, Q1 2027 earnings at $1.86 EPS, Q2 2027 earnings at $1.80 EPS, Q3 2027 earnings at $1.83 EPS, Q4 2027 earnings at $1.54 EPS and FY2027 earnings at $7.04 EPS.

Several other research firms have also recently weighed in on AZZ. Wall Street Zen upgraded AZZ from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Sidoti cut AZZ from a "buy" rating to a "neutral" rating and set a $101.00 price objective for the company. in a research report on Monday, June 9th. Robert W. Baird upped their price objective on AZZ from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Noble Financial reiterated an "outperform" rating on shares of AZZ in a research report on Monday. Finally, Evercore ISI upped their price objective on AZZ from $90.00 to $108.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $108.00.

AZZ Stock Up 1.9%

Shares of AZZ stock traded up $2.10 during mid-day trading on Monday, hitting $111.79. The company's stock had a trading volume of 460,990 shares, compared to its average volume of 221,846. AZZ has a 52-week low of $69.59 and a 52-week high of $113.58. The business has a 50-day moving average price of $94.52 and a 200 day moving average price of $89.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.51. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 12.95 and a beta of 1.24.

AZZ (NYSE:AZZ - Get Free Report) last posted its quarterly earnings results on Wednesday, July 9th. The industrial products company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.19. AZZ had a return on equity of 15.54% and a net margin of 16.40%. The firm had revenue of $421,962 billion during the quarter, compared to analysts' expectations of $435.91 million. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company's revenue was up 2.1% on a year-over-year basis.

Hedge Funds Weigh In On AZZ

A number of hedge funds have recently made changes to their positions in AZZ. Signaturefd LLC boosted its stake in shares of AZZ by 110.0% in the first quarter. Signaturefd LLC now owns 399 shares of the industrial products company's stock worth $33,000 after acquiring an additional 209 shares during the period. GAMMA Investing LLC boosted its stake in AZZ by 39.6% during the second quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company's stock valued at $35,000 after buying an additional 106 shares during the last quarter. US Bancorp DE boosted its stake in AZZ by 39.0% during the fourth quarter. US Bancorp DE now owns 463 shares of the industrial products company's stock valued at $38,000 after buying an additional 130 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in AZZ by 32.4% during the fourth quarter. Farther Finance Advisors LLC now owns 515 shares of the industrial products company's stock valued at $42,000 after buying an additional 126 shares during the last quarter. Finally, Quarry LP boosted its stake in AZZ by 2,150.0% during the fourth quarter. Quarry LP now owns 855 shares of the industrial products company's stock valued at $70,000 after buying an additional 817 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

Insider Transactions at AZZ

In other AZZ news, CEO Thomas E. Ferguson sold 18,851 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $89.91, for a total transaction of $1,694,893.41. Following the completion of the sale, the chief executive officer owned 192,607 shares of the company's stock, valued at approximately $17,317,295.37. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.77% of the company's stock.

AZZ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, July 10th. This is a positive change from AZZ's previous quarterly dividend of $0.17. AZZ's payout ratio is currently 9.27%.

AZZ Company Profile

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.