AZZ Inc. (NYSE:AZZ – Get Free Report)’s stock price reached a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as $161.80 and last traded at $160.4780, with a volume of 31111 shares trading hands. The stock had previously closed at $152.93.
The newly announced dividend which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This is a boost from AZZ’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a dividend yield of 0.6%. AZZ’s payout ratio is 7.62%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on AZZ. Evercore reiterated an “outperform” rating and issued a $152.00 price objective on shares of AZZ in a research report on Monday, April 27th. Robert W. Baird increased their price objective on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. B. Riley Financial boosted their price target on AZZ from $167.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. 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, the company has an average rating of “Moderate Buy” and a consensus price target of $152.00.
AZZ Stock Performance
The business’s 50-day moving average price is $143.89 and its 200-day moving average price is $130.60. 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 stock has a market cap of $4.71 billion, a P/E ratio of 14.95 and a beta of 1.13.
AZZ (NYSE:AZZ – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.19 by $0.15. AZZ had a return on equity of 14.47% and a net margin of 19.23%.The firm had revenue of $385.10 million for the quarter, compared to the consensus estimate of $382.24 million. During the same quarter last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. AZZ has set its FY 2027 guidance at 6.500-7.000 EPS. As a group, sell-side analysts expect that AZZ Inc. will post 6.78 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC purchased a new position in AZZ during the fourth quarter valued at $2,120,000. Capital International Investors lifted its stake in AZZ by 8.7% in the 3rd quarter. Capital International Investors now owns 1,961,247 shares of the industrial products company’s stock worth $214,031,000 after purchasing an additional 157,529 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of AZZ during the 3rd quarter valued at about $2,127,000. JPMorgan Chase & Co. boosted its holdings 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 valued at $17,892,000 after purchasing an additional 11,405 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of AZZ by 2.4% during 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. 90.93% of the stock is owned by hedge funds and other institutional investors.
AZZ Company Profile
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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