AZZ (NYSE:AZZ) Downgraded to Hold Rating by Wall Street Zen

AZZ (NYSE:AZZ) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Several other brokerages also recently commented on AZZ. Robert W. Baird increased their price objective on AZZ from $125.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Evercore restated an “outperform” rating and set a $152.00 price target on shares of AZZ in a research note on Monday, April 27th. Weiss Ratings downgraded shares of AZZ from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Wells Fargo & Company increased their price objective on AZZ from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, B. Riley Financial boosted their price target on shares of AZZ from $167.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, AZZ presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.00.

AZZ Trading Up 3.8%

Shares of NYSE AZZ traded up $5.33 during trading on Friday, reaching $146.23. The company had a trading volume of 436,130 shares, compared to its average volume of 351,575. AZZ has a 12 month low of $92.98 and a 12 month high of $162.20. The company has a quick ratio of 1.21, a current ratio of 1.92 and a debt-to-equity ratio of 0.35. The stock has a market cap of $4.39 billion, a P/E ratio of 22.29 and a beta of 1.11. The company’s fifty day moving average price is $145.70 and its 200-day moving average price is $133.44.

AZZ (NYSE:AZZ) last announced its earnings results on Wednesday, July 8th. The industrial products company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.05. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The business had revenue of $448.53 million during the quarter, compared to the consensus estimate of $434.58 million. During the same quarter last year, the firm earned $1.78 earnings per share. AZZ’s quarterly revenue was up 6.3% on a year-over-year basis. AZZ has set its FY 2027 guidance at 6.750-7.150 EPS. As a group, research analysts expect that AZZ will post 6.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AZZ. Lido Advisors LLC grew its stake in shares of AZZ by 3.0% during the 4th quarter. Lido Advisors LLC now owns 2,633 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 77 shares in the last quarter. Oliver Luxxe Assets LLC boosted its position in AZZ by 0.5% during the fourth quarter. Oliver Luxxe Assets LLC now owns 18,164 shares of the industrial products company’s stock valued at $1,947,000 after purchasing an additional 96 shares during the last quarter. Contravisory Investment Management Inc. increased its position in shares of AZZ by 3.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,723 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of AZZ by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,882 shares of the industrial products company’s stock worth $738,000 after purchasing an additional 100 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of AZZ by 1.0% during the 4th quarter. LPL Financial LLC now owns 10,593 shares of the industrial products company’s stock worth $1,135,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

AZZ News Roundup

Here are the key news stories impacting AZZ this week:

• Positive Sentiment: AZZ reported Q1 earnings of $1.85 per share, topping estimates, with revenue also beating expectations and rising year over year. AZZ Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its FY2027 outlook, which investors may view as a sign that demand remains robust across its Metal Coatings and Precoat Metal segments. AZZ Shines in Q1 on Metal Coatings Momentum, Boosts Outlook
• Positive Sentiment: Analysts and market commentary highlighted momentum from infrastructure demand, which supports the stock’s recent strength. Why Is AZZ (NYSE:AZZ) in Focus as Infrastructure Demand Holds?
• Neutral Sentiment: Wells Fargo raised its price target on AZZ to $144 from $138, but kept an “equal weight” rating, implying limited upside from the current share price. Wells Fargo price target update
• Neutral Sentiment: Some commentary questioned whether the broader grid/infrastructure boom is enough to justify buying the stock at current levels. AZZ Inc.: The Grid Boom May Not Be Enough To Justify Buying Here

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.