The AZEK Company Inc. (NYSE:AZEK - Get Free Report) CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total transaction of $627,900.00. Following the sale, the chief executive officer now owns 1,083,444 shares of the company's stock, valued at approximately $52,330,345.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
AZEK Trading Down 1.3 %
Shares of NYSE AZEK opened at $47.29 on Friday. The AZEK Company Inc. has a 1-year low of $23.08 and a 1-year high of $50.78. The company has a market cap of $6.98 billion, a PE ratio of 59.86, a P/E/G ratio of 1.57 and a beta of 1.92. The company has a current ratio of 2.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $47.52 and a two-hundred day moving average of $37.98.
AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. The firm had revenue of $240.44 million during the quarter, compared to analysts' expectations of $234.12 million. AZEK had a net margin of 8.57% and a return on equity of 9.61%. As a group, equities analysts expect that The AZEK Company Inc. will post 1.02 earnings per share for the current fiscal year.
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AZEK has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of AZEK from $40.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Stifel Nicolaus increased their target price on shares of AZEK from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of AZEK from $43.00 to $49.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. B. Riley raised their price objective on shares of AZEK from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Finally, TheStreet raised shares of AZEK from a "c+" rating to a "b-" rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, AZEK presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.84.
Check Out Our Latest Stock Report on AZEK
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of AZEK by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,069,026 shares of the company's stock valued at $499,890,000 after buying an additional 56,612 shares during the period. Wellington Management Group LLP boosted its holdings in shares of AZEK by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 12,152,986 shares of the company's stock valued at $464,852,000 after buying an additional 42,132 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of AZEK by 7.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,632,693 shares of the company's stock valued at $291,951,000 after buying an additional 516,523 shares during the period. BlackRock Inc. boosted its holdings in shares of AZEK by 15.6% in the second quarter. BlackRock Inc. now owns 6,899,713 shares of the company's stock valued at $208,992,000 after buying an additional 929,341 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of AZEK by 272.4% in the fourth quarter. Morgan Stanley now owns 3,973,475 shares of the company's stock valued at $80,741,000 after buying an additional 2,906,460 shares during the period. Institutional investors and hedge funds own 97.44% of the company's stock.
About AZEK
(
Get Free Report)
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.
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