The AZEK Company Inc. (NYSE:AZEK) CEO Sells $1,020,980.96 in Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,387 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $50.08, for a total value 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 $44,258,951.20. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

AZEK Stock Performance

Shares of AZEK stock traded up $0.22 during trading hours on Tuesday, reaching $50.19. The stock had a trading volume of 1,158,466 shares, compared to its average volume of 1,612,498. The firm has a 50-day simple moving average of $50.17 and a 200-day simple moving average of $46.49. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The firm has a market capitalization of $7.18 billion, a PE ratio of 50.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.14.

AZEK (NYSE:AZEK) last released its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating 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%. As a group, equities analysts forecast that The AZEK Company Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

AZEK has been the topic of several recent analyst reports. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and upped their price objective for the company from $51.00 to $60.00 in a research note on Monday, January 6th. BMO Capital Markets increased their price objective on shares of AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price target on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Royal Bank of Canada lifted their target price on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group increased their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.85.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of AZEK during the 4th quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in shares of AZEK in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC lifted its position in AZEK by 183.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after buying an additional 487 shares in the last quarter. Avalon Trust Co acquired a new stake in AZEK during the fourth quarter valued at $38,000. Finally, Paladin Wealth LLC bought a new stake in shares of AZEK in the 3rd quarter valued at approximately $39,000. 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.