AZZ Board Approves $100 Million Stock Buyback Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy AZZ?
Source: Yahoo Finance
- Buyback Plan Approval: AZZ's board has approved a new $100 million stock repurchase plan aimed at enhancing shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share.
- Clear Funding Source: The buyback will utilize the company's existing cash flow and liquidity, ensuring that operations remain unaffected while executing the stock repurchase, reflecting the company's robust financial health.
- Market Reaction Anticipation: This move is expected to positively impact AZZ's stock price, boosting investor confidence and potentially attracting more institutional investors, which could further drive the stock price upward.
- Long-term Strategic Intent: By implementing the stock buyback, AZZ aims to demonstrate confidence in its future growth and enhance its market competitiveness through optimized capital structure.
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Analyst Views on AZZ
Wall Street analysts forecast AZZ stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AZZ is 127.20 USD with a low forecast of 118.00 USD and a high forecast of 141.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 127.580
Low
118.00
Averages
127.20
High
141.00
Current: 127.580
Low
118.00
Averages
127.20
High
141.00
About AZZ
AZZ Inc. is a provider of hot-dip galvanizing and coil coating solutions to a range of end-markets in North America. The Company operates through three segments. Its AZZ Metal Coatings segment provides metal coating solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing and plating to the North American steel fabrication industry and other industries. AZZ Precoat Metals segment provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coils, primarily serving the construction, transportation and other end markets in North America. The AZZ Infrastructure Solutions segment holds a non-controlling interest in AIS Investment Holdings LLC, which is primarily dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in markets worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Futures Decline: U.S. stock futures fell across major indices on Monday, reflecting market concerns over President Trump's nomination of Kevin Warsh to lead the Federal Reserve, which triggered a sharp sell-off on Friday, with the S&P 500 down 0.58%.
- Precious Metals Drop: Following a record rally in January, gold and silver prices plummeted, with gold spot prices falling 3.25% to $4,707.15 per ounce, indicating market uncertainty regarding future economic conditions.
- Rising Bond Yields: The yield on the 10-year U.S. Treasury bond reached 4.22%, while the two-year bond yield stood at 3.52%, suggesting increased investor expectations for unchanged interest rates, as the CME Group's FedWatch tool indicates an 85.1% likelihood of maintaining current rates in March.
- Company Updates: Walt Disney Co. saw a 0.23% decline ahead of its earnings report, with analysts expecting earnings of $1.56 per share on $25.68 billion in revenue, while AZZ Inc. shares rose 0.96% after announcing a $100 million share repurchase program.
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AZZ Board Approves $100 Million Stock Buyback Plan
- Buyback Plan Approval: AZZ's board has approved a new $100 million stock repurchase plan aimed at enhancing shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share.
- Clear Funding Source: The buyback will utilize the company's existing cash flow and liquidity, ensuring that operations remain unaffected while executing the stock repurchase, reflecting the company's robust financial health.
- Market Reaction Anticipation: This move is expected to positively impact AZZ's stock price, boosting investor confidence and potentially attracting more institutional investors, which could further drive the stock price upward.
- Long-term Strategic Intent: By implementing the stock buyback, AZZ aims to demonstrate confidence in its future growth and enhance its market competitiveness through optimized capital structure.
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- Disney Earnings Expectations: Wall Street anticipates that Walt Disney Co. (NYSE:DIS) will report quarterly earnings of $1.56 per share and revenue of $25.68 billion before the market opens, indicating ongoing growth potential in its streaming and theme park businesses.
- Tyson Foods Forecast: Analysts expect Tyson Foods Inc. (NYSE:TSN) to post quarterly earnings of 94 cents per share on revenue of $14.09 billion, reflecting stable performance in the meat market, which could positively impact its stock price.
- AZZ Share Repurchase Program: AZZ Inc. (NYSE:AZZ) has announced a new $100 million share repurchase program, signaling confidence in its stock and potentially enhancing investor expectations for future growth.
- Market Reactions: In after-hours trading, Disney shares rose 0.2% to $113.00, while Tyson Foods shares increased by 0.6% to $65.70, indicating investor optimism ahead of the earnings reports.
See More
AZZ Announces New $100 Million Stock Repurchase Program
- Stock Repurchase Program: AZZ's Board of Directors has approved a new stock repurchase program with a budget of up to $100 million, aimed at offsetting the dilutive effects of employee equity grants, thereby enhancing shareholder value.
- Continuation of Historical Buybacks: This repurchase program complements the $100 million repurchase authorization approved in 2020, demonstrating the company's ongoing commitment to capital allocation and is expected to further boost market confidence.
- Strong Financial Performance: AZZ's President and CEO Tom Ferguson stated that, given current market conditions, share repurchases are viewed as a good use of capital, reflecting management's confidence in the company's operations and financial health.
- Market Uncertainty: While the company plans to execute repurchases, the timing and amount will depend on future market prices, business conditions, and alternative investment opportunities, showcasing the company's strategic flexibility in an uncertain market environment.
See More
AZZ Inc. Approves $100 Million Stock Repurchase Program
- Stock Repurchase Program: AZZ Inc. has announced the initiation of its 2026 Share Repurchase Program, which allows for the repurchase of up to $100 million of common stock to offset the dilutive effects of employee equity grants, thereby enhancing shareholder value and boosting market confidence.
- Capital Allocation Framework: This repurchase program is a key component of the company's capital allocation framework and is designed to complement the prior $100 million repurchase authorization approved in November 2020, reflecting management's confidence in the company's financial performance.
- Market Conditions Impact: The CEO of AZZ stated that share repurchases at the current valuation are considered a good use of capital due to strong financial performance, emphasizing the company's strategic growth initiatives.
- Future Uncertainty: While the company plans to conduct stock repurchases, the timing and amount will depend on future market prices, business conditions, and alternative investment opportunities, demonstrating a flexible response to market dynamics.
See More
AZZ Approves New $100 Million Share Buyback Program
- Buyback Program Initiation: AZZ's board has approved a new share repurchase program authorizing the company to buy back up to $100 million of its common stock immediately, reflecting confidence in its intrinsic value.
- Continuation of Historical Buybacks: This new buyback program runs alongside a prior $100 million repurchase authorization from 2020, of which approximately $33.2 million remains available as of November 30, 2025, indicating the company's ongoing commitment to capital returns.
- Share Outstanding Details: As of the end of Q3 fiscal 2026, AZZ had about 30 million shares outstanding, and the implementation of this buyback program is expected to enhance earnings per share and increase shareholder value.
- Market Operation Flexibility: AZZ stated that repurchases may be made in the open market or through private transactions, including under Rule 10b5-1 trading plans, which enhances the company's flexibility and responsiveness in capital markets.
See More
U.S. Stock Futures Decline Amid Sharp Sell-Off in Precious Metals
- Futures Decline: U.S. stock futures fell across major indices on Monday, reflecting market concerns over President Trump's nomination of Kevin Warsh to lead the Federal Reserve, which triggered a sharp sell-off on Friday, with the S&P 500 down 0.58%.
- Precious Metals Drop: Following a record rally in January, gold and silver prices plummeted, with gold spot prices falling 3.25% to $4,707.15 per ounce, indicating market uncertainty regarding future economic conditions.
- Rising Bond Yields: The yield on the 10-year U.S. Treasury bond reached 4.22%, while the two-year bond yield stood at 3.52%, suggesting increased investor expectations for unchanged interest rates, as the CME Group's FedWatch tool indicates an 85.1% likelihood of maintaining current rates in March.
- Company Updates: Walt Disney Co. saw a 0.23% decline ahead of its earnings report, with analysts expecting earnings of $1.56 per share on $25.68 billion in revenue, while AZZ Inc. shares rose 0.96% after announcing a $100 million share repurchase program.
See More
AZZ Board Approves $100 Million Stock Buyback Plan
- Buyback Plan Approval: AZZ's board has approved a new $100 million stock repurchase plan aimed at enhancing shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share.
- Clear Funding Source: The buyback will utilize the company's existing cash flow and liquidity, ensuring that operations remain unaffected while executing the stock repurchase, reflecting the company's robust financial health.
- Market Reaction Anticipation: This move is expected to positively impact AZZ's stock price, boosting investor confidence and potentially attracting more institutional investors, which could further drive the stock price upward.
- Long-term Strategic Intent: By implementing the stock buyback, AZZ aims to demonstrate confidence in its future growth and enhance its market competitiveness through optimized capital structure.
See More
Wall Street Focus on Disney and Tyson Foods Earnings Reports
- Disney Earnings Expectations: Wall Street anticipates that Walt Disney Co. (NYSE:DIS) will report quarterly earnings of $1.56 per share and revenue of $25.68 billion before the market opens, indicating ongoing growth potential in its streaming and theme park businesses.
- Tyson Foods Forecast: Analysts expect Tyson Foods Inc. (NYSE:TSN) to post quarterly earnings of 94 cents per share on revenue of $14.09 billion, reflecting stable performance in the meat market, which could positively impact its stock price.
- AZZ Share Repurchase Program: AZZ Inc. (NYSE:AZZ) has announced a new $100 million share repurchase program, signaling confidence in its stock and potentially enhancing investor expectations for future growth.
- Market Reactions: In after-hours trading, Disney shares rose 0.2% to $113.00, while Tyson Foods shares increased by 0.6% to $65.70, indicating investor optimism ahead of the earnings reports.
See More
AZZ Announces New $100 Million Stock Repurchase Program
- Stock Repurchase Program: AZZ's Board of Directors has approved a new stock repurchase program with a budget of up to $100 million, aimed at offsetting the dilutive effects of employee equity grants, thereby enhancing shareholder value.
- Continuation of Historical Buybacks: This repurchase program complements the $100 million repurchase authorization approved in 2020, demonstrating the company's ongoing commitment to capital allocation and is expected to further boost market confidence.
- Strong Financial Performance: AZZ's President and CEO Tom Ferguson stated that, given current market conditions, share repurchases are viewed as a good use of capital, reflecting management's confidence in the company's operations and financial health.
- Market Uncertainty: While the company plans to execute repurchases, the timing and amount will depend on future market prices, business conditions, and alternative investment opportunities, showcasing the company's strategic flexibility in an uncertain market environment.
See More
AZZ Inc. Approves $100 Million Stock Repurchase Program
- Stock Repurchase Program: AZZ Inc. has announced the initiation of its 2026 Share Repurchase Program, which allows for the repurchase of up to $100 million of common stock to offset the dilutive effects of employee equity grants, thereby enhancing shareholder value and boosting market confidence.
- Capital Allocation Framework: This repurchase program is a key component of the company's capital allocation framework and is designed to complement the prior $100 million repurchase authorization approved in November 2020, reflecting management's confidence in the company's financial performance.
- Market Conditions Impact: The CEO of AZZ stated that share repurchases at the current valuation are considered a good use of capital due to strong financial performance, emphasizing the company's strategic growth initiatives.
- Future Uncertainty: While the company plans to conduct stock repurchases, the timing and amount will depend on future market prices, business conditions, and alternative investment opportunities, demonstrating a flexible response to market dynamics.
See More
AZZ Approves New $100 Million Share Buyback Program
- Buyback Program Initiation: AZZ's board has approved a new share repurchase program authorizing the company to buy back up to $100 million of its common stock immediately, reflecting confidence in its intrinsic value.
- Continuation of Historical Buybacks: This new buyback program runs alongside a prior $100 million repurchase authorization from 2020, of which approximately $33.2 million remains available as of November 30, 2025, indicating the company's ongoing commitment to capital returns.
- Share Outstanding Details: As of the end of Q3 fiscal 2026, AZZ had about 30 million shares outstanding, and the implementation of this buyback program is expected to enhance earnings per share and increase shareholder value.
- Market Operation Flexibility: AZZ stated that repurchases may be made in the open market or through private transactions, including under Rule 10b5-1 trading plans, which enhances the company's flexibility and responsiveness in capital markets.
See More
