The AZEK Company Inc. (NYSE:AZEK) Receives $53.73 Consensus PT from Analysts

The AZEK Company Inc. (NYSE:AZEK) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $53.73.

Several equities analysts recently issued reports on AZEK shares. Royal Bank of Canada increased their target price on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their target price on shares of 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 raised their price target on shares of AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, DA Davidson upped their price objective on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th.

AZEK Stock Up 0.0 %

NYSE:AZEK opened at $49.91 on Friday. AZEK has a 52 week low of $35.48 and a 52 week high of $54.91. The stock’s fifty day moving average is $49.75 and its two-hundred day moving average is $45.58. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 47.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.94. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the firm’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 transaction, the chief executive officer now owns 923,765 shares of the company’s stock, valued at approximately $49,255,149.80. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,322 shares of company stock valued at $2,039,170 over the last three months. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AZEK

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its stake in AZEK by 17.9% during the 2nd quarter. Rhumbline Advisers now owns 158,596 shares of the company’s stock valued at $6,682,000 after acquiring an additional 24,055 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of AZEK during the second quarter worth approximately $215,000. Federated Hermes Inc. lifted its holdings in shares of AZEK by 337.7% during the second quarter. Federated Hermes Inc. now owns 18,353 shares of the company’s stock worth $773,000 after purchasing an additional 14,160 shares during the period. Envestnet Asset Management Inc. grew its position in AZEK by 8.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 203,302 shares of the company’s stock valued at $8,565,000 after buying an additional 15,317 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in AZEK by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after buying an additional 118,351 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

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.