AZZ Stock Summary and Trading Ideas (Azz | NYSE:AZZ)

AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

Azz trades on the NYSE stock market under the symbol AZZ.

As of April 19, 2024, AZZ stock price declined to $74.80 with 238,328 million shares trading.

AZZ has a beta of 0.92, meaning it tends to be less sensitive to market movements. AZZ has a correlation of 0.20 to the broad based SPY ETF.

AZZ has a market cap of $1.88 billion. This is considered a Small Cap stock.

Last quarter Azz reported $382 million in Revenue and $1.19 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.19.

In the last 3 years, AZZ stock traded as high as $82.10 and as low as $30.21.

The top ETF exchange traded funds that AZZ belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

AZZ has outperformed the market in the last year with a price return of +91.8% while the SPY ETF gained +21.2%. AZZ has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +29.4% and -3.4%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

AZZ support price is $73.74 and resistance is $77.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AZZ stock will trade within this expected range on the day.