AZEK (NASDAQ:AZEK) CAO Greg Jorgensen sold 2,990 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $33.25, for a total value of $99,417.50. Following the completion of the transaction, the chief accounting officer now owns 70,326 shares of the company’s stock, valued at $2,338,339.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of AZEK stock opened at $33.94 on Wednesday. The business’s fifty day simple moving average is $36.84. AZEK has a twelve month low of $26.35 and a twelve month high of $42.16.
AZEK (NASDAQ:AZEK) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $223.71 million for the quarter, compared to analysts’ expectations of $209.31 million.
Several brokerages have weighed in on AZEK. Credit Suisse Group boosted their price target on AZEK from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, August 14th. William Blair initiated coverage on AZEK in a report on Tuesday, July 7th. They issued an “outperform” rating for the company. Stifel Nicolaus initiated coverage on shares of AZEK in a research note on Tuesday, July 7th. They set a “buy” rating and a $36.00 price objective for the company. SunTrust Banks initiated coverage on shares of AZEK in a research note on Tuesday, July 7th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Goldman Sachs Group initiated coverage on shares of AZEK in a research note on Tuesday, July 7th. They set a “neutral” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. AZEK currently has a consensus rating of “Buy” and an average target price of $38.50.
The AZEK Company Inc engages in manufacturing and selling building products for residential, commercial, and industrial markets in the United States. Its products include trims, decks, porches, moldings, rails, pavers, and bathroom and locker systems, as well as extruded plastic sheet products and other non-fabricated products for special applications in industrial markets.
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