The AZEK Company Inc. (NYSE:AZEK – Get Free Report) shares gapped down prior to trading on Thursday after Robert W. Baird lowered their price target on the stock from $60.00 to $58.00. The stock had previously closed at $44.92, but opened at $42.50. Robert W. Baird currently has an outperform rating on the stock. AZEK shares last traded at $43.69, with a volume of 571,543 shares traded.
Other analysts have also issued research reports about the company. Stephens increased their price objective on AZEK from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. TheStreet upgraded AZEK from a “c+” rating to a “b-” rating in a research note on Wednesday, January 31st. Barclays increased their price objective on shares of AZEK from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. BMO Capital Markets boosted their target price on shares of AZEK from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada lifted their price objective on shares of AZEK from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.83.
Insiders Place Their Bets
In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.34, for a total transaction of $589,420.00. Following the transaction, the chief executive officer now directly owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other AZEK news, insider Michelle A. Kasson sold 94,431 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.47, for a total value of $4,671,501.57. Following the transaction, the insider now owns 23,544 shares in the company, valued at approximately $1,164,721.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.34, for a total transaction of $589,420.00. Following the completion of the sale, the chief executive officer now owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,431 shares of company stock worth $6,356,622. Company insiders own 3.10% of the company’s stock.
Institutional Trading of AZEK
A number of hedge funds have recently bought and sold shares of AZEK. Venturi Wealth Management LLC raised its stake in AZEK by 58.9% during the first quarter. Venturi Wealth Management LLC now owns 707 shares of the company’s stock worth $36,000 after purchasing an additional 262 shares during the period. ORG Partners LLC purchased a new stake in shares of AZEK during the 1st quarter valued at approximately $35,000. Quadrant Capital Group LLC lifted its holdings in AZEK by 45.9% in the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock valued at $28,000 after acquiring an additional 229 shares during the last quarter. Whittier Trust Co. purchased a new position in AZEK in the first quarter worth approximately $37,000. Finally, Principal Securities Inc. acquired a new stake in AZEK during the fourth quarter worth $44,000. Institutional investors and hedge funds own 97.44% of the company’s stock.
AZEK Price Performance
The stock has a 50-day simple moving average of $47.78 and a 200 day simple moving average of $40.28. The company has a market cap of $6.71 billion, a PE ratio of 56.85, a P/E/G ratio of 1.50 and a beta of 1.93. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43.
AZEK (NYSE:AZEK – Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. AZEK had a net margin of 8.57% and a return on equity of 9.61%. The company had revenue of $240.44 million for the quarter, compared to analysts’ expectations of $234.12 million. Equities analysts expect that The AZEK Company Inc. will post 1.03 EPS for the current year.
AZEK Company Profile
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.