Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is AZZ (AZZ) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.AZZ is one of 227 companies in the Industrial Products group. The Industrial Products group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different ...

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals that can sustain upward momentum [1]. Group 1: Stock Performance - AZZ has shown a solid price increase of 50.3% over the past 12 weeks, indicating strong investor interest [2]. - The stock has also maintained a price increase of 19.1% over the last four weeks, confirming that the upward trend is still intact [2]. - Currently, AZZ is trading at 97.5% of its 52-week high-low range, suggesting it may be on the verge of a breakout [2]. Group 2: Fundamental Strength - AZZ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3]. - The Zacks Rank system has a strong historical performance, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [3]. - The Average Broker Recommendation for AZZ is 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that AZZ is not the only stock that meets the criteria of the "Recent Price Strength" screen, encouraging investors to explore other potential candidates [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify winning stock picks [4]. - The Zacks Research Wizard tool allows backtesting of stock-picking strategies, enhancing the effectiveness of investment decisions [4].

Group 1 - Griffon Corporation (GFF) has a Zacks Rank 1 and a price-to-earnings ratio (P/E) of 14.29, significantly lower than the S&P's 21.28, with a Value Score of B [1] - The Zacks Consensus Estimate for Griffon Corporation's current year earnings has increased by 3.9% over the last 60 days [1] - AZZ Inc. (AZZ) also holds a Zacks Rank 1, with a P/E of 16.18 compared to the S&P's 21.28, and a Value Score of B [1] - The Zacks Consensus Estimate for AZZ Inc.'s current year earnings has risen by 4.9% over the last 60 days [1] Group 2 - Steelcase Inc. (SCS) carries a Zacks Rank 1, with a P/E of 16.59, lower than the S&P's 21.28, and a Value Score of B [2] - The Zacks Consensus Estimate for Steelcase's current year earnings has increased by 5.4% over the last 60 days [2]

The manufacturing sector was one of the biggest sufferers over the past couple of years as inflation hit a 40-year high, which compelled the Federal Reserve to adopt an aggressive monetary tightening campaign. Higher interest rates slowed demand and the manufacturing sector started shrinking.Although the crisis is far from over, manufacturing activity has steadily made a rebound for the last two months, thanks to cooling inflation and easing price pressures. The Institute for Supply Management (“ISM”) repor ...

AZZ Inc. (AZZ) announced its guidance for fiscal 2025 and reaffirmed its previously issued projection for fiscal 2024. Fiscal 2025 refers to the 12-month period beginning Mar 1, 2024, and ending Feb 28, 2025.Last month, the company reported third-quarter fiscal 2024 earnings of $1.19 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 20.2%. Total revenues for the reported quarter came in at $382 million, which outpaced the Zacks Consensus Estimate of $378 million by 0.9%.Highlights of th ...

Wall Street ended January in a zigzag fashion after an astonishing rally in 2023. The first half of last month was marred by volatility as market participants remained uncertain about when the Fed would start interest rate cuts.However, the situation changed in the second half following the release of several strong economic data and steadily falling inflation data. However, U.S. stock markets tumbled on the last day of January after the Fed denied the possibility of the first rate cut in March.Meanwhile, W ...

Over the past two years, the manufacturing sector in the United States has been badly hit by the Federal Reserve’s tight monetary policy regime. However, the sector rebounded in January amid an uptick in new orders and production.The Institute for Supply Management (“ISM”) said on Thursday that the manufacturing PMI came in at 49.1 in January against a consensus of 47.6, increasing significantly from the December number, which was revised down to 47.1. This marks the 15th straight month that the PMI has rem ...

FORT WORTH, Texas, Feb. 1, 2024 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil coating solutions, today announced financial guidance for fiscal year 2025 and reaffirmed previously issued guidance for fiscal year 2024. Fiscal year 2025 refers to the 12-month period beginning March 1, 2024 and ending on February 28, 2025.  Reaffirming Previously Issued FY 2024 Guidance New FY 2025 Guidance (1) Sales $1.45 - $1.55 billion $1.5 - $1.6 billion ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

One stock that might be an intriguing choice for investors right now is AZZ Inc. (AZZ) . This is because this security in the Manufacturing - Electronics space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufac ...