B. Riley Financial Increases AZZ (NYSE:AZZ) Price Target to $170.00

AZZ (NYSE:AZZ) had its price target hoisted by B. Riley Financial from $169.00 to $170.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. B. Riley Financial’s price objective suggests a potential upside of 16.26% from the company’s current price.

Several other research analysts have also weighed in on the stock. Wells Fargo & Company raised their price objective on shares of AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday. Robert W. Baird lifted their price target on shares of AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Weiss Ratings lowered AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Evercore reissued an “outperform” rating and issued a $152.00 price target on shares of AZZ in a report on Monday, April 27th. Finally, Wall Street Zen lowered AZZ from a “buy” rating to a “hold” rating in a research report on Sunday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

AZZ Trading Down 0.2%

Shares of AZZ stock opened at $146.23 on Monday. The firm has a market cap of $4.39 billion, a P/E ratio of 22.29 and a beta of 1.11. AZZ has a 1-year low of $92.98 and a 1-year high of $162.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39. The firm’s 50-day simple moving average is $145.70 and its 200-day simple moving average is $133.62.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.05. The firm had revenue of $448.53 million during the quarter, compared to the consensus estimate of $434.58 million. AZZ had a return on equity of 14.18% and a net margin of 11.83%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, equities analysts forecast that AZZ will post 6.85 EPS for the current year.

Hedge Funds Weigh In On AZZ

Several institutional investors and hedge funds have recently bought and sold shares of AZZ. Wedge Capital Management L L P NC acquired a new position in shares of AZZ in the fourth quarter worth $2,120,000. Vanguard Group Inc. grew its stake in AZZ by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 3,357,370 shares of the industrial products company’s stock valued at $359,843,000 after purchasing an additional 80,099 shares in the last quarter. Aberdeen Group plc acquired a new position in AZZ in the 4th quarter worth about $18,429,000. JPMorgan Chase & Co. raised its stake in shares of AZZ by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 163,954 shares of the industrial products company’s stock worth $17,892,000 after purchasing an additional 11,405 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of AZZ by 78.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 232,510 shares of the industrial products company’s stock worth $24,920,000 after purchasing an additional 102,133 shares in the last quarter. Hedge funds and other 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.