The AZEK Company Inc. (NYSE:AZEK) Given Average Recommendation of "Hold" by Brokerages

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has been given an average rating of "Hold" by the sixteen analysts that are currently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $54.32.

Several brokerages recently weighed in on AZEK. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Stephens cut shares of AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Royal Bank of Canada upped their price target on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Citigroup reissued a "neutral" rating and set a $51.50 price objective (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 883,765 shares in the company, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 55,000 shares of company stock valued at $2,518,624 over the last three months. 3.20% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AZEK. Empowered Funds LLC acquired a new position in AZEK in the 4th quarter valued at $27,000. FIL Ltd bought a new stake in AZEK during the fourth quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AZEK by 623.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after purchasing an additional 592 shares during the last quarter. Avalon Trust Co bought a new position in shares of AZEK in the fourth quarter worth about $38,000. Finally, GAMMA Investing LLC lifted its position in shares of AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

AZEK Price Performance

AZEK stock traded down $0.79 during trading on Friday, hitting $48.86. The company had a trading volume of 8,216,752 shares, compared to its average volume of 1,945,799. The business has a 50 day moving average of $47.38 and a 200 day moving average of $47.50. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 49.35, a P/E/G ratio of 1.91 and a beta of 1.95. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. AZEK has a fifty-two week low of $35.48 and a fifty-two week high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. As a group, research analysts predict that AZEK will post 1.34 earnings per share for the current year.

About AZEK

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.