AZZ (NYSE:AZZ) to Buyback $100.00 million in Outstanding Stock

AZZ (NYSE:AZZ) announced that its Board of Directors has authorized a share repurchase plan on Friday, January 30th, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

AZZ has been the subject of a number of recent research reports. Robert W. Baird set a $125.00 price objective on AZZ in a research report on Friday, January 9th. Wall Street Zen raised AZZ from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of AZZ in a research report on Monday, December 29th. Finally, Wells Fargo & Company dropped their price objective on shares of AZZ from $128.00 to $121.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.17.

AZZ Trading Down 0.5%

Shares of AZZ stock traded down $0.59 during mid-day trading on Friday, hitting $124.39. 174,316 shares of the stock were exchanged, compared to its average volume of 150,803. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 11.69 and a beta of 1.13. AZZ has a twelve month low of $70.90 and a twelve month high of $127.88. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $112.94 and a 200 day simple moving average of $109.64.

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

AZZ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend 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 related news, insider Tara D. Mackey sold 2,790 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $126.64, for a total value of $353,325.60. Following the sale, the insider directly owned 25,296 shares in the company, valued at $3,203,485.44. This trade represents a 9.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 5,358 shares of company stock worth $659,302 over the last quarter. Company insiders own 1.77% of the company’s stock.

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.