B. Riley Equities Analysts Raise Earnings Estimates for AZZ

Key Points

• B. Riley has raised its FY2026 EPS estimate for AZZ Inc. to $6.23, up from $6.17, maintaining a "Buy" rating and setting a price target of $140.00.
• AZZ reported a quarterly EPS of $1.78, surpassing the consensus estimate of $1.59, with revenue reaching $421.96 million, a 2.1% year-over-year increase.
• The company recently increased its quarterly dividend from $0.17 to $0.20 per share, reflecting a 0.7% dividend yield.

AZZ Inc. (NYSE:AZZ - Free Report) - Research analysts at B. Riley lifted their FY2026 earnings per share (EPS) estimates for AZZ in a report released on Wednesday, September 17th. B. Riley analyst N. Giles now forecasts that the industrial products company will earn $6.23 per share for the year, up from their previous estimate of $6.17. B. Riley has a "Buy" rating and a $140.00 price target on the stock. The consensus estimate for AZZ's current full-year earnings is $5.13 per share. B. Riley also issued estimates for AZZ's Q1 2027 earnings at $1.90 EPS, Q2 2027 earnings at $1.89 EPS, Q3 2027 earnings at $1.94 EPS and FY2027 earnings at $7.36 EPS.

AZZ has been the topic of a number of other research reports. Noble Financial reissued an "outperform" rating on shares of AZZ in a research report on Monday, July 14th. Wall Street Zen downgraded AZZ from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Sidoti downgraded 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. Wells Fargo & Company raised AZZ to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Robert W. Baird raised their target price on AZZ from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $116.43.

AZZ Price Performance

NYSE:AZZ traded up $0.24 during trading hours on Thursday, reaching $114.16. 29,906 shares of the company were exchanged, compared to its average volume of 262,776. The company has a market capitalization of $3.43 billion, a P/E ratio of 13.23 and a beta of 1.30. AZZ has a 1-year low of $70.90 and a 1-year high of $119.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.51 and a quick ratio of 1.10. The business has a 50 day moving average of $112.57 and a 200 day moving average of $97.10.

AZZ (NYSE:AZZ - Get Free Report) last posted its earnings results on Wednesday, July 9th. The industrial products company reported $1.78 EPS for the quarter, beating 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 company had revenue of $421.96 million for the quarter, compared to the consensus estimate of $435.91 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm'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.

Institutional Investors Weigh In On AZZ

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its holdings in AZZ by 206.7% in the second quarter. Huntington National Bank now owns 273 shares of the industrial products company's stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in AZZ in the second quarter worth approximately $30,000. Signaturefd LLC boosted its holdings in 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 purchasing an additional 209 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of AZZ during the 2nd quarter worth $34,000. Finally, GAMMA Investing LLC boosted its stake in shares of AZZ by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 374 shares of the industrial products company's stock worth $35,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Buying and Selling at AZZ

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

AZZ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.20 per share. This is a positive change from AZZ's previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, July 10th. AZZ's payout ratio is 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.