AZZ Inc. (NYSE:AZZ – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $157.48 and last traded at $156.9890, with a volume of 536202 shares traded. The stock had previously closed at $152.01.
Analysts Set New Price Targets
AZZ has been the subject of several recent analyst reports. Evercore reiterated an “outperform” rating and set a $152.00 price target on shares of AZZ in a research note on Monday, April 27th. Robert W. Baird raised their price objective on AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. B. Riley Financial upped their target price on 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 AZZ from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $127.00 to $132.00 in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.00.
View Our Latest Research Report on AZZ
AZZ Trading Up 3.3%
AZZ (NYSE:AZZ – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.15. The business had revenue of $385.10 million during the quarter, compared to analysts’ expectations of $382.24 million. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. Research analysts predict that AZZ Inc. will post 6.78 EPS for the current fiscal year.
AZZ Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 23rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s dividend payout ratio is currently 7.62%.
Hedge Funds Weigh In On AZZ
Institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its stake in AZZ by 92.5% during the 4th quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 124 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in AZZ in the 2nd quarter worth $30,000. Kestra Advisory Services LLC bought a new position in shares of AZZ during the 4th quarter worth about $38,000. Clearstead Advisors LLC increased its holdings in shares of AZZ by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 234 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of AZZ by 55.9% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock valued at $41,000 after buying an additional 137 shares during 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.
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