AZZ (NYSE:AZZ) Sets New 12-Month High – Still a Buy?

AZZ Inc. (NYSE:AZZ)’s share price reached a new 52-week high on Friday . The stock traded as high as $153.04 and last traded at $152.71, with a volume of 19530 shares trading hands. The stock had previously closed at $140.26.

Analyst Ratings Changes

A number of research firms have issued reports on AZZ. B. Riley Financial increased their target price on shares of AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wells Fargo & Company downgraded shares of AZZ from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $127.00 to $132.00 in a research note on Monday, March 2nd. Noble Financial reiterated an “outperform” rating on shares of AZZ in a report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b+)” rating on shares of AZZ in a research report on Wednesday, May 20th. Finally, Evercore restated an “outperform” rating and issued a $152.00 target price on shares of AZZ in a research note on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.00.

AZZ Stock Up 1.6%

The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 14.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.70. The business’s 50 day moving average is $138.91 and its 200-day moving average is $126.94.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. The company had revenue of $385.10 million during the quarter, compared to analysts’ expectations of $382.24 million. AZZ had a net margin of 19.23% and a return on equity of 14.47%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. Equities analysts anticipate that AZZ Inc. will post 6.78 EPS for the current fiscal year.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 23rd were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, April 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. AZZ’s payout ratio is 7.62%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its stake in shares of AZZ by 92.5% in the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after buying an additional 124 shares during the period. Osterweis Capital Management Inc. acquired a new position in AZZ in the 2nd quarter valued at approximately $30,000. Kestra Advisory Services LLC acquired a new position in AZZ in the 4th quarter valued at approximately $38,000. Clearstead Advisors LLC lifted its position in shares of AZZ by 184.3% in the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 234 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of AZZ by 55.9% during the 4th quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

About AZZ

AZZ Inc, incorporated in 1956 and headquartered in Fort Worth, Texas, is a leading provider of galvanizing and metal finishing solutions alongside electrical equipment and services. The company supports a diverse range of industries—such as energy, infrastructure, heavy equipment and general industrial markets—by delivering corrosion protection and high-performance electrical solutions designed for demanding environments.

AZZ operates two primary business segments. The Global Coatings & Services segment offers hot-dip galvanizing, metal finishing, painting, powder coating and related value-added services to steel fabricators and original equipment manufacturers.