The AZEK Company Inc. (NYSE:AZEK - Get Free Report) CEO Jesse G. Singh sold 20,387 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the transaction, the chief executive officer now owns 883,765 shares of the company's stock, valued at approximately $44,258,951.20. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
AZEK Trading Up 0.4 %
AZEK stock traded up $0.18 during trading hours on Friday, hitting $50.16. The company had a trading volume of 1,198,081 shares, compared to its average volume of 1,587,898. The firm has a market cap of $7.17 billion, a P/E ratio of 50.66, a P/E/G ratio of 2.19 and a beta of 1.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 2.56. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a 50-day moving average price of $49.85 and a two-hundred day moving average price of $46.61.
AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, sell-side analysts anticipate that The AZEK Company Inc. will post 1.29 earnings per share for the current year.
Institutional Trading of AZEK
Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC bought a new stake in AZEK during the fourth quarter valued at about $27,000. FIL Ltd bought a new stake in AZEK during the fourth quarter valued at about $28,000. ORG Wealth Partners LLC purchased a new position in shares of AZEK in the 3rd quarter worth approximately $31,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after buying an additional 592 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of AZEK by 183.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock worth $35,000 after buying an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AZEK. Citigroup raised AZEK from a "neutral" rating to a "buy" rating and lifted their target price for the company from $51.00 to $60.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. DA Davidson boosted their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Truist Financial increased their price objective on shares of AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Robert W. Baird increased their price objective on shares of AZEK from $54.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, AZEK presently has an average rating of "Moderate Buy" and a consensus target price of $54.85.
View Our Latest Analysis on AZEK
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.
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