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

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the sale, the chief executive officer now owns 186,705 shares in the company, valued at approximately $7,742,656.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AZEK Trading Down 1.5 %

NYSE:AZEK opened at $41.04 on Monday. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.40 and a quick ratio of 2.21. The business has a fifty day moving average price of $43.10 and a 200-day moving average price of $45.47. The AZEK Company Inc. has a one year low of $25.03 and a one year high of $50.78.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. AZEK had a return on equity of 12.02% and a net margin of 10.66%. The business had revenue of $434.40 million during the quarter, compared to analysts’ expectations of $396.89 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that The AZEK Company Inc. will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on AZEK shares. Truist Financial cut their target price on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group reduced their price objective on AZEK from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Loop Capital lowered their target price on shares of AZEK from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Barclays reduced their price target on shares of AZEK from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada lowered their price objective on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.24.

Institutional Investors Weigh In On AZEK

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in shares of AZEK by 45.9% in the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock worth $28,000 after purchasing an additional 229 shares during the period. ORG Partners LLC bought a new position in AZEK in the 1st quarter worth $35,000. Venturi Wealth Management LLC increased its stake in AZEK by 58.9% in the 1st quarter. Venturi Wealth Management LLC now owns 707 shares of the company’s stock worth $36,000 after buying an additional 262 shares in the last quarter. Whittier Trust Co. bought a new stake in AZEK during the first quarter valued at about $37,000. Finally, Principal Securities Inc. purchased a new position in shares of AZEK in the fourth quarter valued at about $44,000. 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.