The AZEK Company Inc. (NYSE:AZEK - Get Free Report) CMO Samara Toole sold 1,709 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
AZEK Stock Down 0.8 %
Shares of AZEK stock traded down $0.42 on Tuesday, hitting $52.74. The stock had a trading volume of 1,209,872 shares, compared to its average volume of 1,679,204. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 50.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The business has a 50 day moving average of $48.03 and a 200 day moving average of $45.07. The AZEK Company Inc. has a 12-month low of $35.38 and a 12-month high of $54.91.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in AZEK by 33.8% in the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company's stock worth $665,702,000 after acquiring an additional 3,595,863 shares during the last quarter. FMR LLC increased its holdings in shares of AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company's stock worth $318,782,000 after buying an additional 2,497,074 shares during the last quarter. State Street Corp raised its position in AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company's stock valued at $114,729,000 after purchasing an additional 45,774 shares in the last quarter. Dimensional Fund Advisors LP grew its position in AZEK by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company's stock valued at $99,175,000 after acquiring an additional 118,351 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in AZEK by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock valued at $109,105,000 after buying an additional 12,644 shares during the period. Institutional investors own 97.44% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Royal Bank of Canada increased their price target on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday. Benchmark reiterated a "buy" rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Loop Capital lowered shares of AZEK from a "buy" rating to a "hold" rating and set a $47.00 price target on the stock. in a report on Friday, October 4th. Finally, Robert W. Baird lifted their price objective on AZEK from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.67.
Read Our Latest Report on AZEK
AZEK Company Profile
(
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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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