Jesse G. Singh Sells 13,000 Shares of The AZEK Company Inc. (NYSE:AZEK) Stock

The AZEK Company Inc. (NYSE:AZEK) 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 transaction, the chief executive officer now owns 1,083,444 shares of the company’s stock, valued at $52,330,345.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

AZEK Trading Down 1.3 %

AZEK stock traded down $0.64 during trading hours on Friday, hitting $47.29. The stock had a trading volume of 1,121,716 shares, compared to its average volume of 1,515,624. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 60.05, a P/E/G ratio of 1.57 and a beta of 1.92. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $47.39 and its 200-day simple moving average is $37.87. The AZEK Company Inc. has a one year low of $23.08 and a one year high of $50.78.

AZEK (NYSE:AZEK) last posted its earnings results on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. AZEK had a net margin of 8.57% and a return on equity of 9.61%. The business had revenue of $240.44 million for the quarter, compared to the consensus estimate of $234.12 million. On average, equities analysts predict that The AZEK Company Inc. will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On AZEK

Several hedge funds and other institutional investors have recently bought and sold shares of AZEK. Quadrant Capital Group LLC raised its holdings in shares of AZEK by 45.9% during the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares during the period. BluePath Capital Management LLC bought a new stake in AZEK in the 3rd quarter valued at about $31,000. Principal Securities Inc. bought a new stake in AZEK in the 4th quarter valued at about $44,000. Tower Research Capital LLC TRC raised its stake in AZEK by 726.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after buying an additional 1,060 shares during the period. Finally, CWM LLC boosted its holdings in AZEK by 81.3% in the fourth quarter. CWM LLC now owns 2,022 shares of the company’s stock worth $77,000 after acquiring an additional 907 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AZEK. BMO Capital Markets increased their price objective on AZEK from $39.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Robert W. Baird boosted their price objective on shares of AZEK from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday. Stephens raised their target price on shares of AZEK from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Stifel Nicolaus boosted their price target on AZEK from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Barclays raised their price objective on AZEK from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.84.

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.