AZZ Should I Buy
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AZZ Inc is not an ideal buy for a beginner, long-term investor at this moment. Despite strong financial performance and positive long-term growth catalysts, the stock appears overbought based on technical indicators, with insiders selling significantly. The absence of strong proprietary trading signals and the lack of recent congress trading data further reduce its attractiveness.
The stock is currently in an overbought condition with RSI at 90.003. MACD is bullish and expanding positively, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, the stock is trading near resistance levels (R1: 138.252), which may limit immediate upside potential.
Pier Capital's recent acquisition of 70,967 shares worth $7.61 million reflects confidence in the company's growth. AZZ forecasts fiscal 2027 sales of $1.73-$1.78 billion and adjusted EBITDA of $400 million, indicating strong growth potential. Financial performance in Q3 2026 showed revenue growth of 5.47% YoY and net income growth of 22.24% YoY.
Insiders are selling heavily, with a 442.97% increase in selling activity over the last month. The stock is overbought based on RSI, and hedge funds remain neutral. Analysts maintain a Neutral rating, and the price target of $125 is below the current price of $137.76.
In Q3 2026, AZZ reported revenue of $425.75 million, up 5.47% YoY. Net income increased by 22.24% YoY to $41.08 million, and EPS rose by 21.43% YoY to 1.36. However, gross margin declined by 1.16% YoY to 23.94%.
Baird raised the price target to $125 from $120, maintaining a Neutral rating. Analysts highlight strong internal execution but do not see significant upside from current levels.
