Jesse G. Singh Sells 20,000 Shares of The AZEK Company Inc. (NYSE:AZEK) Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the sale, the chief executive officer now directly owns 923,765 shares of the company’s stock, valued at $49,255,149.80. This represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AZEK Trading Down 7.1 %

AZEK opened at $48.97 on Thursday. The stock has a market capitalization of $7.00 billion, a PE ratio of 47.09, a P/E/G ratio of 2.40 and a beta of 1.92. The AZEK Company Inc. has a one year low of $35.38 and a one year high of $54.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The business’s 50 day moving average price is $48.13 and its 200 day moving average price is $45.10.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AZEK shares. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of AZEK in a research note on Thursday, November 21st. Truist Financial increased their price objective on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their target price on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Royal Bank of Canada boosted their price target on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, AZEK currently has a consensus rating of “Moderate Buy” and an average price target of $52.67.

Hedge Funds Weigh In On AZEK

Several large investors have recently modified their holdings of the business. Equitable Trust Co. raised its holdings in AZEK by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after buying an additional 226 shares during the period. Creative Planning raised its stake in shares of AZEK by 6.6% in the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after acquiring an additional 430 shares during the period. Covestor Ltd lifted its holdings in shares of AZEK by 18.8% in the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $129,000 after acquiring an additional 436 shares during the last quarter. Blue Trust Inc. boosted its position in shares of AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in AZEK by 183.1% in 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. Institutional investors and hedge funds 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.