AZZ Stock Price, News & Analysis (NYSE:AZZ)

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AZZ in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AZZ shares.
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3 brokerages have issued 12 month price targets for AZZ's shares. Their AZZ share price targets range from $48.00 to $64.00. On average, they expect the company's stock price to reach $57.33 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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AZZ's stock was trading at $40.20 at the beginning of the year. Since then, AZZ shares have increased by 28.1% and is now trading at $51.51.
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AZZ saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 219,500 shares, a decline of 9.9% from the October 31st total of 243,700 shares. Based on an average daily trading volume, of 123,500 shares, the short-interest ratio is presently 1.8 days. Currently, 0.9% of the shares of the stock are short sold.
View AZZ's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 8th 2024.
View our AZZ earnings forecast.

AZZ Inc. (NYSE:AZZ) released its quarterly earnings results on Wednesday, October, 11th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.19. The industrial products company had revenue of $398.50 million for the quarter, compared to analysts' expectations of $396.91 million. AZZ had a trailing twelve-month return on equity of 11.94% and a net margin of 2.49%. AZZ's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share.

AZZ announced a quarterly dividend on Thursday, October 5th. Stockholders of record on Wednesday, October 18th will be given a dividend of $0.17 per share on Wednesday, November 1st. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, October 17th.
Read our dividend analysis for AZZ.

AZZ (NYSE:AZZ) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.35%. The dividend payout ratio is 77.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AZZ will have a dividend payout ratio of 15.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AZZ.

ETFs with the largest weight of AZZ (NYSE:AZZ) stock in their portfolio include Gabelli Automation ETF (GAST), Ballast Small/Mid Cap ETF (MGMT) and Gabelli Love Our Planet & People ETF (LOPP).JPMorgan Active Small Cap Value ETF (JPSV).

AZZ updated its FY24 earnings guidance on Tuesday, October, 10th. The company provided EPS guidance of $3.85-$4.35 for the period, compared to the consensus earnings per share estimate of $3.94. The company issued revenue guidance of $1.40-$1.55 billion, compared to the consensus revenue estimate of $1.51 billion.

30 employees have rated AZZ Chief Executive Officer Tom Ferguson on Glassdoor.com. Tom Ferguson has an approval rating of 41% among the company's employees. This puts Tom Ferguson in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other AZZ investors own include AbbVie (ABBV), Energy Transfer (ET), Waddell & Reed Financial (WDR), Akamai Technologies (AKAM), AngloGold Ashanti (AU), Bausch Health Companies (BHC), Freeport-McMoRan (FCX), F5 (FFIV), Las Vegas Sands (LVS) and Neurocrine Biosciences (NBIX).

AZZ's stock is owned by a variety of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (2.78%), Ameriprise Financial Inc. (1.75%), Deutsche Bank AG (1.64%), Charles Schwab Investment Management Inc. (1.57%), FMR LLC (1.46%) and Northern Trust Corp (1.25%). Insiders that own company stock include Bryan Lee Stovall, Gary L Hill, Ken Lavelle, Kurt L Russell, Tara D Mackey and Thomas E Ferguson.
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Shares of AZZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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