The AZEK Company Inc. (NYSE:AZEK - Get Free Report) CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $53.32, for a total value of $1,066,400.00. Following the transaction, the chief executive officer now owns 923,765 shares in the company, valued at $49,255,149.80. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
AZEK Stock Performance
Shares of AZEK stock traded down $0.42 on Tuesday, hitting $52.74. 1,209,872 shares of the company's stock were exchanged, compared to its average volume of 1,679,204. The AZEK Company Inc. has a 1 year low of $35.38 and a 1 year high of $54.91. The company has a 50-day simple moving average of $47.85 and a 200-day simple moving average of $45.04. The stock has a market capitalization of $7.54 billion, a PE ratio of 50.69, a PEG ratio of 2.40 and a beta of 1.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17.
Hedge Funds Weigh In On AZEK
Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AZEK by 14.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,436 shares of the company's stock valued at $440,000 after purchasing an additional 1,308 shares during the period. Raymond James & Associates increased its position in shares of AZEK by 290.8% during the second quarter. Raymond James & Associates now owns 121,623 shares of the company's stock valued at $5,124,000 after acquiring an additional 90,499 shares during the last quarter. Summit Global Investments acquired a new position in shares of AZEK in the 2nd quarter worth approximately $744,000. Investment House LLC raised its holdings in shares of AZEK by 6.5% in the 2nd quarter. Investment House LLC now owns 20,350 shares of the company's stock valued at $857,000 after buying an additional 1,250 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in AZEK in the 2nd quarter valued at about $90,000. 97.44% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AZEK has been the subject of a number of research analyst reports. DA Davidson upped their target price on AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Barclays boosted their target price on shares of AZEK from $58.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. The Goldman Sachs Group raised their target price on AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets upped their price objective on AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a research note on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.67.
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About AZEK
(
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The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.
Further Reading
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