AZZ (NYSE:AZZ) Price Target Raised to $145.00

by · The Cerbat Gem

AZZ (NYSE:AZZ – Free Report) had its target price lifted by Wells Fargo & Company from $144.00 to $145.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

AZZ has been the subject of a number of other research reports. Robert W. Baird cut their price objective on AZZ from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday. Wall Street Zen downgraded AZZ from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. B. Riley Financial boosted their target price on AZZ from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of AZZ in a research note on Tuesday, October 6th. Finally, Barclays raised their price target on AZZ from $140.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.20.

Get Our Latest Report on AZZ

AZZ Stock Performance

AZZ opened at $129.30 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.39 and a current ratio of 1.79. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 23.30 and a beta of 1.13. The company has a fifty day moving average of $139.03 and a 200 day moving average of $142.04. AZZ has a fifty-two week low of $94.61 and a fifty-two week high of $162.20.

AZZ (NYSE:AZZ – Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $486.89 million for the quarter, compared to analysts’ expectations of $467.14 million. AZZ had a net margin of 9.59% and a return on equity of 14.85%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. AZZ has set its FY 2027 guidance at 7.000-7.300 EPS. As a group, sell-side analysts forecast that AZZ will post 7.11 earnings per share for the current fiscal year.

AZZ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, October 19th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, October 19th. AZZ’s payout ratio is currently 17.30%.

Insiders Place Their Bets

In related news, COO Jeffrey Vellines sold 4,220 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $153.55, for a total transaction of $647,981.00. Following the sale, the chief operating officer owned 1,834 shares of the company’s stock, valued at $281,610.70. This represents a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Lee Stovall sold 2,677 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $150.07, for a total transaction of $401,737.39. Following the transaction, the chief operating officer owned 35,000 shares of the company’s stock, valued at $5,252,450. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of AZZ

Hedge funds have recently made changes to their positions in the business. Kilter Group LLC bought a new position in shares of AZZ in the 2nd quarter valued at about $33,000. Allworth Financial LP bought a new stake in AZZ during the second quarter worth approximately $60,000. Integrated Wealth Concepts LLC bought a new stake in AZZ during the second quarter worth approximately $66,000. Harbor Investment Advisory LLC bought a new stake in AZZ during the second quarter worth approximately $67,000. Finally, GAMMA Investing LLC increased its stake in AZZ by 27.5% during the third quarter. GAMMA Investing LLC now owns 658 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 142 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Key AZZ News

Here are the key news stories impacting AZZ this week:

  • Positive Sentiment: AZZ reported record quarterly sales of $486.9 million, up 16.7% year over year, while EPS of $2.00 exceeded the $1.82 analyst consensus. Management also raised fiscal 2027 EPS guidance to $7.00–$7.30, supporting the company’s growth outlook. AZZ Analysts Boost Their Forecasts After Upbeat Q2 Results
  • Positive Sentiment: Noble Financial raised its AZZ EPS forecasts for fiscal 2027 through fiscal 2031. The firm now expects $7.15 for fiscal 2027, $7.67 for fiscal 2028, $8.00 for fiscal 2029, $8.34 for fiscal 2030 and $8.70 for fiscal 2031, indicating confidence in longer-term earnings growth.
  • Positive Sentiment: Wells Fargo increased its price target to $145 from $144, implying meaningful potential upside from the referenced trading level, although it retained an “equal weight” rating.
  • Neutral Sentiment: Barclays initiated coverage with an “equal weight” rating and a $140 price target, while Robert W. Baird maintained a “neutral” rating despite reducing its target to $150 from $155. The ratings suggest analysts see upside but remain cautious about valuation and execution. AZZ Lifts Guidance Following Record Sales
  • Negative Sentiment: Noble Financial trimmed its fiscal 2027 third- and fourth-quarter EPS estimates to $1.75 and $1.55, respectively. These modest near-term reductions may be weighing on the stock even though full-year and longer-range estimates increased.
  • Negative Sentiment: The market’s reaction has remained subdued after the earnings beat, reflecting concerns that the strong results and raised guidance may already be reflected in AZZ’s valuation. The shares also remain below their 50-day and 200-day moving averages, adding technical pressure.

About AZZ

(Get Free Report)

AZZ Inc is a provider of metal coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals segments, helping protect and enhance the performance, appearance, and durability of steel and other metal products used across a range of industries.

Through its Metal Coatings segment, AZZ provides hot-dip galvanizing, powder coating, anodizing, plating, and related coating services. These treatments are used for corrosion protection and finishing applications involving infrastructure, construction, industrial, transportation, and other metal products.

Precoat Metals provides coil coating services for steel and aluminum products before they are fabricated.

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