AZZ (NYSE:AZZ) Hits New 1-Year High – Here’s What Happened

AZZ Inc. (NYSE:AZZ)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $161.80 and last traded at $160.4780, with a volume of 31111 shares. The stock had previously closed at $152.93.

Wall Street Analyst Weigh In

AZZ has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of AZZ from $125.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. B. Riley Financial upped their price objective on shares of 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 cut shares of AZZ from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $127.00 to $132.00 in a research note on Monday, March 2nd. Wall Street Zen raised shares of AZZ from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of AZZ in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.00.

AZZ Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 1.21. The company’s 50 day moving average is $142.99 and its 200 day moving average is $130.02. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 15.27 and a beta of 1.13.

AZZ (NYSE:AZZ) last issued its earnings results 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. AZZ had a net margin of 19.23% and a return on equity of 14.47%. The company had revenue of $385.10 million for the quarter, compared to analyst estimates of $382.24 million. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’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. Research analysts forecast that AZZ Inc. will post 6.78 earnings per share for the current fiscal year.

AZZ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 23rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, April 23rd. AZZ’s dividend payout ratio (DPR) is presently 7.62%.

Institutional Trading of AZZ

Institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in shares of AZZ by 92.5% in the fourth quarter. Hantz Financial Services Inc. now owns 258 shares of the industrial products company’s stock valued at $28,000 after buying an additional 124 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in AZZ in the 2nd quarter valued at about $30,000. Kestra Advisory Services LLC purchased a new position in AZZ during the 4th quarter valued at about $38,000. Clearstead Advisors LLC increased its holdings in AZZ by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 234 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in AZZ by 55.9% during the fourth quarter. Fifth Third Bancorp now owns 382 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 137 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

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.