Jesse G. Singh Sells 19,613 Shares of The AZEK Company Inc. (NYSE:AZEK) Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 19,613 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the transaction, the chief executive officer now owns 904,152 shares of the company’s stock, valued at approximately $40,668,756.96. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

AZEK Stock Up 5.4 %

Shares of NYSE:AZEK opened at $49.68 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 47.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.94. The firm’s 50 day moving average price is $49.54 and its 200 day moving average price is $45.44.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AZEK. Truist Financial increased their target price on shares of AZEK from $52.00 to $57.00 and gave the stock 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 price objective for the company. in a research report on Friday, October 4th. Barclays boosted their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price objective on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.73.

Institutional Investors Weigh In On AZEK

A number of hedge funds and other institutional investors have recently modified their holdings of AZEK. ORG Wealth Partners LLC purchased a new position in AZEK in the third quarter valued at $31,000. Farther Finance Advisors LLC increased its holdings in shares of 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 acquiring an additional 487 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of AZEK during the 3rd quarter worth about $39,000. GAMMA Investing LLC lifted its stake in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after purchasing an additional 480 shares in the last quarter. 97.44% of the stock is currently 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.