The AZEK Company Inc. (NYSE:AZEK) CEO Sells $882,192.74 in Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the completion of the transaction, the chief executive officer now owns 904,152 shares of the company’s stock, valued at approximately $40,668,756.96. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

AZEK Stock Up 5.4 %

AZEK stock opened at $49.68 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $49.54 and a two-hundred day moving average of $45.44. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 47.77, a PEG ratio of 2.40 and a beta of 1.94.

Institutional Investors Weigh In On AZEK

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in AZEK by 33.8% in the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after buying an additional 3,595,863 shares in the last quarter. FMR LLC grew its holdings in shares of AZEK by 57.9% in the third quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after purchasing an additional 2,497,074 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in AZEK during the second quarter worth about $86,719,000. Interval Partners LP raised its stake in AZEK by 162.4% during the second quarter. Interval Partners LP now owns 742,749 shares of the company’s stock worth $31,292,000 after purchasing an additional 459,664 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in AZEK by 73.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company’s stock valued at $47,093,000 after purchasing an additional 425,609 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AZEK shares. DA Davidson increased their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Robert W. Baird increased their price target on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Barclays increased their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial boosted their price target on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AZEK has a consensus rating of “Moderate Buy” and an average price target of $53.73.

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.