The AZEK Company Inc. (NYSE:AZEK) Receives Average Recommendation of “Moderate Buy” from Brokerages

The AZEK Company Inc. (NYSE:AZEK) has earned a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $48.24.

A number of research analysts have weighed in on AZEK shares. UBS Group cut their target price on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, August 13th. Truist Financial lowered their price target on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital dropped their price objective on shares of AZEK from $58.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Royal Bank of Canada cut their price target on AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Thursday, August 8th.

AZEK Stock Down 0.6 %

AZEK stock opened at $40.79 on Thursday. The firm has a market cap of $5.94 billion, a PE ratio of 39.99, a P/E/G ratio of 1.28 and a beta of 1.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 3.40. AZEK has a twelve month low of $25.03 and a twelve month high of $50.78. The firm’s 50 day moving average price is $43.02 and its two-hundred day moving average price is $45.48.

AZEK (NYSE:AZEK) last posted its earnings results on Wednesday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $434.40 million during the quarter, compared to analysts’ expectations of $396.89 million. AZEK had a net margin of 10.66% and a return on equity of 12.02%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. On average, research analysts predict that AZEK will post 1.06 EPS for the current fiscal year.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $41.47, for a total value of $829,400.00. Following the sale, the chief executive officer now owns 186,705 shares of the company’s stock, valued at approximately $7,742,656.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the sale, the chief executive officer now directly owns 186,705 shares of the company’s stock, valued at approximately $7,742,656.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela J. Edwards purchased 600 shares of the stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $41.70 per share, for a total transaction of $25,020.00. Following the transaction, the director now directly owns 8,708 shares in the company, valued at $363,123.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 45,000 shares of company stock valued at $1,932,790. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AZEK

Hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in shares of AZEK by 58.9% during the 1st quarter. Venturi Wealth Management LLC now owns 707 shares of the company’s stock worth $36,000 after acquiring an additional 262 shares during the period. ORG Partners LLC acquired a new stake in shares of AZEK during the 1st quarter worth about $35,000. Quadrant Capital Group LLC boosted its holdings in shares of AZEK by 45.9% during the 4th quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock worth $28,000 after buying an additional 229 shares during the period. Whittier Trust Co. acquired a new position in AZEK in the 1st quarter valued at about $37,000. Finally, Principal Securities Inc. acquired a new stake in AZEK during the fourth quarter worth approximately $44,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.