Jesse G. Singh Sells 20,387 Shares of The AZEK Company Inc. (NYSE:AZEK) Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,387 shares of the business’s 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 transaction, the chief executive officer now directly owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AZEK Trading Down 2.3 %

Shares of AZEK stock opened at $49.07 on Thursday. The firm has a fifty day moving average of $50.01 and a 200-day moving average of $46.55. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 49.57, a P/E/G ratio of 2.19 and a beta of 1.94. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 2.56.

AZEK (NYSE:AZEK) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, equities research analysts forecast that The AZEK Company Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AZEK. JPMorgan Chase & Co. lifted their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Robert W. Baird lifted their price target on AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. DA Davidson increased their price objective on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. 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. Finally, Truist Financial increased their price target on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.85.

Hedge Funds Weigh In On AZEK

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new position in AZEK during the fourth quarter worth $27,000. ORG Wealth Partners LLC bought a new stake in shares of AZEK in the 3rd quarter worth about $31,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after purchasing an additional 592 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 487 shares during the last quarter. Finally, Avalon Trust Co acquired a new position in AZEK in the fourth quarter valued at about $38,000. Institutional investors own 97.44% of the company’s stock.

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.