AZZ (AZZ) Stock Price, News & Analysis

Company Overview

AZZ Inc. provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers. It also provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coil primarily serving the construction; appliance; heating, ventilation, and air conditioning; container; transportation; and other end markets. The company was incorporated in 1956 and is headquartered in Fort Worth, Texas.

Key Stats

• Today's Range: $79.26 to $81.70
• 50-Day Range: $72.17 to $83.41
• 52-Week Range: $44.83 to $88.67
• Volume: 172,252 shs
• Average Volume: 238,190 shs
• Market Capitalization: $2.37 billion
• P/E Ratio: 61.99
• Dividend Yield: 0.86%
• Price Target: $95.80
• Consensus Rating: Moderate Buy

AZZ Stock Analysis - MarketRank™

AZZ scored higher than 78% of companies evaluated by MarketBeat, and ranked 64th out of 174 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

AZZ has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

AZZ has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 14.75%

Earnings Growth

Earnings for AZZ are expected to grow by 14.75% in the coming year, from $4.95 to $5.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AZZ is 61.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of AZZ is 61.99, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.35.

Price to Earnings Growth Ratio

AZZ has a PEG Ratio of 1.18. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

AZZ has a P/B Ratio of 2.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.59% of the outstanding shares of AZZ have been sold short.

Short Interest Ratio / Days to Cover

AZZ has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AZZ has recently increased by 0.59%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

AZZ has a dividend yield of 0.87%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

AZZ does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AZZ is 63.55%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, AZZ will have a dividend payout ratio of 11.97% next year. This indicates that AZZ will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.7 / 5
• Environmental Score: -3.50

Percentage of Shares Shorted

2.59% of the outstanding shares of AZZ have been sold short.

Short Interest Ratio / Days to Cover

AZZ has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AZZ has recently increased by 0.59%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.57

News Sentiment

AZZ has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 42 news articles for AZZ this week, compared to 7 articles on an average week.

Search Interest

9 people have searched for AZZ on MarketBeat in the last 30 days. This is an increase of 800% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AZZ insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,233,271.00 in company stock.

Percentage Held by Insiders

Only 2.10% of the stock of AZZ is held by insiders.

Percentage Held by Institutions

90.93% of the stock of AZZ is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AZZ Stock Analysis - Frequently Asked Questions

How have AZZ shares performed this year?

AZZ's stock was trading at $58.09 at the beginning of the year. Since then, AZZ stock has increased by 36.6% and is now trading at $79.35.
View the best growth stocks for 2024 here.

How were AZZ's earnings last quarter?

AZZ Inc. (NYSE:AZZ) issued its earnings results on Wednesday, October, 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. AZZ's revenue was up 2.6% compared to the same quarter last year.

Does AZZ have any subsidiaries?

AZZ subsidiaries include Precoat Metals, Daam Galvanizing Ltd, DAAM Galvanizing Co. Ltd, Steel Creek Galvanizing, Acme Galvanizing, K2 Partners Inc, Benning Power Electronics Inc., and others.

Who are AZZ's major shareholders?

Top institutional investors of AZZ include SG Americas Securities LLC (0.05%), Creative Planning (0.02%), Procyon Advisors LLC (0.01%) and CWM LLC. Insiders that own company stock include Thomas E Ferguson, Tara D Mackey, Ken Lavelle, Bryan Lee Stovall, Jason Crawford, Kurt L Russell and Tiffany Moseley.
View institutional ownership trends.

How do I buy shares of AZZ?

Shares of AZZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AZZ own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AZZ investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 7/31 Dividend: 7/10/2024
• Dividend Payable: 7/31/2024
• Last Earnings: 10/09/2024
• Today: 10/15/2024
• Ex-Dividend for 11/1 Dividend: 10/18/2024
• Dividend Payable: 11/01/2024
• Next Earnings (Estimated): 1/14/2025
• Fiscal Year End: 2/28/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Coating, engraving, & allied services
• Sub-Industry: Heavy Electrical Equipment
• Current Symbol: NYSE:AZZ
• CUSIP: 00247410
• CIK: 8947
• Web: www.azz.com
• Phone: (817) 810-0095
• Fax: 817-336-5354
• Employees: 3,873
• Year Founded: 1956

Price Target and Rating

• Average Stock Price Target: $95.80
• High Stock Price Target: $105.00
• Low Stock Price Target: $90.00
• Potential Upside/Downside: +20.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.07
• Trailing P/E Ratio: 61.99
• Forward P/E Ratio: 16.03
• P/E Growth: 1.18
• Net Income: $101.61 million
• Net Margins: 7.63%
• Pretax Margin: 8.46%
• Return on Equity: 18.19%
• Return on Assets: 6.70%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 1.89
• Quick Ratio: 1.28

Sales & Book Value

• Annual Sales: $1.57 billion
• Price / Sales: 1.51
• Cash Flow: $8.69 per share
• Price / Cash Flow: 9.13
• Book Value: $27.92 per share
• Price / Book: 2.84

Miscellaneous

• Outstanding Shares: 29,816,000
• Free Float: 29,190,000
• Market Cap: $2.37 billion
• Optionable: Optionable
• Beta: 1.23