AZZ Inc. (AZZ) Stock Price & How to Invest
Last updated July 2026
Short answer
AZZ Inc. (NYSE: AZZ) is North America's largest independent provider of hot-dip galvanizing and coil coating, so investing in it is a bet on infrastructure, construction, and industrial metal-protection demand plus management's steady debt paydown. It trades as a mid-cap industrial with a modest dividend and a deleveraging balance sheet rather than a high-growth story.
AZZ stock price
As of 2026-08-21, AZZ Inc. (AZZ) last closed at $141.28, up 21.4% over the past year. Over the past 52 weeks it has traded between $97.64 and $160.17.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or AZZ Inc.'s investor relations page. Walnut is informational, not investment advice.
What does AZZ Inc. (AZZ) do?
AZZ Inc. operates two segments: Metal Coatings, the largest independent hot-dip galvanizing network in North America that protects steel used in bridges, electrical transmission, and industrial projects, and Precoat Metals, a coil-coating business that applies protective and decorative finishes to steel and aluminum coil for construction, appliance, HVAC, and packaging customers. The company acquired Precoat Metals in 2022, roughly doubling its size and shifting it toward a two-segment coatings model based in Fort Worth, Texas.
The investment picture centers on durable, infrastructure-linked demand for metal protection paired with a multi-year deleveraging effort following the Precoat deal. In fiscal 2026 (ended February 28, 2026) AZZ reported record sales of roughly $1.65 billion, with Metal Coatings growing double digits while Precoat volumes softened in residential construction and HVAC. Management has emphasized margin expansion, capacity investment in galvanizing, and steady debt reduction, giving the stock the profile of a cyclical industrial improving its balance sheet rather than a fast-growing name.
What's driving AZZ Inc. (AZZ)?
1. Metal Coatings margin and volume strength
The Metal Coatings segment grew sales about 14% in fiscal 2026 to roughly $758.7 million with segment EBITDA margins near 31%, driven by construction, electrical transmission and distribution, and industrial project demand. As the largest independent galvanizer in North America, AZZ benefits from a fragmented market where scale and geographic density are advantages. Management is adding hot-dip galvanizing capacity to capture infrastructure-linked demand.
2. Deleveraging after the Precoat acquisition
AZZ reduced debt by roughly $385 million in fiscal 2026, bringing net leverage down to about 1.4x trailing EBITDA by the end of February 2026. Continued debt paydown lowers interest expense and frees cash flow, and management guided to further debt reduction in fiscal 2027. This financial deleveraging is a central part of the equity thesis following the 2022 Precoat deal.
3. Fiscal 2027 guidance and capacity investment
For fiscal 2027 AZZ guided to sales of about $1.725 billion, adjusted EBITDA of $360 million to $400 million, and adjusted diluted EPS of $6.50 to $7.00, alongside $80 million to $100 million of capital spending weighted toward growth. The company also raised its quarterly dividend 20% to $0.24 per share. Execution against this guidance and greenfield galvanizing plants are the near-term drivers to watch.
What are the risks to AZZ Inc. (AZZ)?
AZZ is exposed to construction and industrial cyclicality, and Precoat volumes already declined in fiscal 2026 on weaker residential construction, HVAC, and transportation demand. Steel and zinc input costs, energy prices, and the pace of infrastructure and reshoring spending can swing margins. A portion of debt carries variable rates, so higher interest costs would pressure earnings, though leverage has fallen. Integration of the sizable Precoat business and reliance on a handful of large end markets add concentration risk. As a mid-cap industrial, the stock can be volatile relative to broad indices.
What is the AZZ Inc. (AZZ) forecast?
9 analysts publish price targets on AZZ, averaging $164.00 against a $144.72 price as of August 2026, or +13.3%. The published targets run from $144.00 to $200.00, a moderate spread, and the ratings split 6 buy, 4 hold, 0 sell. Over the last six months there have been 7 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full AZZ forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is AZZ a buy or a sell?
We give no verdict on AZZ Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Metal Coatings margin and volume strength. The Metal Coatings segment grew sales about 14% in fiscal 2026 to roughly $758.7 million with segment EBITDA margins near 31%, driven by construction, electrical transmission and distribution, and industrial project demand. The most optimistic published target, $200.00, assumes this works close to its best case.
The case against. AZZ is exposed to construction and industrial cyclicality, and Precoat volumes already declined in fiscal 2026 on weaker residential construction, HVAC, and transportation demand. The most pessimistic target, $144.00, is roughly what AZZ is worth if this bites instead.
Read the full bull and bear case on AZZ, including what would have to change to break either one. Walnut is not an investment adviser.
How is AZZ Inc. (AZZ) valued? (approximate, APRIL 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see AZZ Inc.'s investor relations page or your broker.
- Revenue (FY2026): ~$1.65B
- Net income (FY2026): ~$317.3M
- Adjusted net income (FY2026): ~$187.1M
- Metal Coatings sales: ~$758.7M
- Precoat Metals sales: ~$891.4M
- Net leverage: ~1.4x
- Market cap: ~$3.6B
As of April 2026 AZZ reported record fiscal 2026 sales of roughly $1.65 billion and net income near $317.3 million, with net leverage down to about 1.4x after roughly $385 million of debt reduction. The stock has traded at a trailing price-to-earnings ratio in the high-teens to around 19x based on late-2025 figures. Figures are approximate and change with each quarterly report.
Who competes with AZZ Inc. (AZZ)?
Engineered metal products and coatings
Valmont Industries is the closest large public comparable, offering engineered metal structures and galvanizing services that overlap with AZZ's Metal Coatings segment in infrastructure and utility markets.
Integrated steel producers with coating capacity
Large steelmakers such as Nucor, ArcelorMittal, and Nippon Steel run their own galvanizing and coated-steel lines, competing with AZZ's coatings and coil-coating volumes even though AZZ is an independent service provider rather than a mill.
Regional galvanizing and coil-coating firms
A fragmented field of smaller independent galvanizers and coil-coating and metal-finishing shops competes on price and proximity, which is why AZZ emphasizes its scale, plant density, and service breadth.
What stocks are similar to AZZ Inc. (AZZ)?
Other names that sit close to AZZ: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in AZZ Inc. (AZZ)
There are three common ways to get AZZ exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so AZZ sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where AZZ fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on AZZ Inc. (AZZ)
AZZ is a niche-leading industrial coatings business whose story hinges on infrastructure and construction demand, margin discipline in Metal Coatings, and continued debt reduction after the large Precoat acquisition.
More on AZZ Inc. (AZZ)
Whether AZZ is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is AZZ a buy or a sell?, and where the stock could go from here in the AZZ stock forecast.
For income investors, whether AZZ pays a dividend and how the payout looks is covered in does AZZ pay a dividend? And to weigh AZZ against a peer, read the full side-by-side comparisons: AZZ vs VMI and AZZ vs NUE.
Wondering how AZZ fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in AZZ Inc. with AI
Connect the broker you already use and ask Walnut's AI how AZZ fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What does AZZ Inc. do?
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AZZ is an industrial company that protects metal from corrosion. Its Metal Coatings segment runs the largest independent hot-dip galvanizing network in North America, and its Precoat Metals segment applies coatings to steel and aluminum coil for construction, appliance, HVAC, and packaging uses.
What are AZZ's two business segments?
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Metal Coatings provides hot-dip galvanizing and related surface treatments, and Precoat Metals provides coil coating and metal finishing. In fiscal 2026, Precoat generated about $891.4 million in sales and Metal Coatings about $758.7 million, though Metal Coatings carries higher margins.
How did AZZ perform in fiscal 2026?
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AZZ reported record fiscal 2026 sales of roughly $1.65 billion, up about 4.6%, with net income near $317.3 million. Metal Coatings grew double digits while Precoat volumes softened in residential construction and HVAC end markets.
Does AZZ pay a dividend?
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Yes. AZZ pays a quarterly cash dividend, which it raised roughly 20% to $0.24 per share in 2026. The yield is modest, and the company has prioritized debt reduction alongside returning some cash to shareholders.
How much debt does AZZ carry?
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AZZ took on significant debt to acquire Precoat Metals in 2022 and has been paying it down since. It reduced debt by about $385 million in fiscal 2026, bringing net leverage to roughly 1.4x trailing EBITDA by the end of February 2026.
Who are AZZ's main competitors?
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AZZ competes with Valmont Industries in engineered metal products and coatings, with integrated steelmakers such as Nucor and ArcelorMittal that run their own coating lines, and with a fragmented set of regional independent galvanizing and coil-coating firms.
What are the main risks for AZZ?
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Key risks include construction and industrial cyclicality, softer end-market volumes as seen in Precoat during fiscal 2026, volatile steel, zinc, and energy input costs, variable-rate debt exposure, and integration and concentration risk tied to a handful of large end markets.
What is AZZ's fiscal 2027 guidance?
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For fiscal 2027 AZZ guided to sales of about $1.725 billion, adjusted EBITDA of $360 million to $400 million, and adjusted diluted EPS of $6.50 to $7.00, along with continued debt reduction and $80 million to $100 million of capital spending.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with AZZ Inc.'s investor relations page or your broker before making investment decisions.