AZZ (NYSE:AZZ) Hits New 12-Month High – What’s Next?

Shares of AZZ Inc. (NYSE:AZZ) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $124.81 and last traded at $124.54, with a volume of 10730 shares changing hands. The stock had previously closed at $121.57.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Robert W. Baird set a $125.00 target price on shares of AZZ in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AZZ presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

AZZ Price Performance

The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 11.73 and a beta of 1.13. The company’s fifty day moving average is $108.93 and its 200 day moving average is $108.52. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.41.

AZZ (NYSE:AZZ) last posted its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. AZZ had a return on equity of 14.45% and a net margin of 19.89%.The business had revenue of $425.75 million for the quarter, compared to analysts’ expectations of $412.97 million. During the same quarter in the prior year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. AZZ has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts predict that AZZ Inc. will post 5.13 EPS for the current year.

AZZ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, February 5th. AZZ’s dividend payout ratio is 7.52%.

Insider Activity at AZZ

In other AZZ news, insider Tara D. Mackey sold 1,568 shares of AZZ stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $119.43, for a total value of $187,266.24. Following the completion of the sale, the insider directly owned 28,086 shares in the company, valued at approximately $3,354,310.98. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Capital Management LLC lifted its holdings in AZZ by 111.3% during the third quarter. SG Capital Management LLC now owns 376,040 shares of the industrial products company’s stock valued at $41,037,000 after purchasing an additional 198,036 shares in the last quarter. Aberdeen Group plc purchased a new stake in shares of AZZ in the fourth quarter worth approximately $18,429,000. Capital International Investors lifted its holdings in AZZ by 8.7% during the 3rd quarter. Capital International Investors now owns 1,961,247 shares of the industrial products company’s stock valued at $214,031,000 after buying an additional 157,529 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of AZZ in the 3rd quarter worth $16,360,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of AZZ in the 3rd quarter worth approximately $15,772,000. 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.