Robert W. Baird Boosts AZEK (NYSE:AZEK) Price Target to $60.00

AZEK (NYSE:AZEK) had its price objective hoisted by Robert W. Baird from $52.00 to $60.00 in a research note released on Monday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Wolfe Research initiated coverage on AZEK in a report on Tuesday, December 12th. They set an outperform rating and a $43.00 target price on the stock. TheStreet upgraded AZEK from a c+ rating to a b- rating in a report on Wednesday, January 31st. B. Riley raised their target price on AZEK from $40.00 to $50.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Stephens raised their target price on AZEK from $40.00 to $50.00 and gave the stock an overweight rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets raised their price target on AZEK from $39.00 to $46.00 and gave the stock an outperform rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $42.84.

AZEK Price Performance

AZEK stock opened at $47.92 on Monday. The business’s 50-day simple moving average is $47.39 and its 200 day simple moving average is $37.87. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 60.66, a P/E/G ratio of 1.64 and a beta of 1.92. AZEK has a 12-month low of $23.08 and a 12-month high of $50.78. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43.

AZEK (NYSE:AZEK) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. AZEK had a return on equity of 9.61% and a net margin of 8.57%. The business had revenue of $240.44 million for the quarter, compared to analysts’ expectations of $234.12 million. As a group, research analysts anticipate that AZEK will post 1.02 earnings per share for the current year.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.34, for a total value of $589,420.00. Following the sale, the chief executive officer now owns 1,184,444 shares of the company’s stock, valued at approximately $53,702,690.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.34, for a total transaction of $589,420.00. Following the transaction, the chief executive officer now owns 1,184,444 shares of the company’s stock, valued at approximately $53,702,690.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle A. Kasson sold 94,431 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $49.47, for a total value of $4,671,501.57. Following the transaction, the insider now directly owns 23,544 shares in the company, valued at approximately $1,164,721.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,431 shares of company stock valued at $5,728,722. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake 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 acquiring an additional 229 shares during the period. Alliance Wealth Advisors LLC UT boosted its stake in shares of AZEK by 4.1% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 13,044 shares of the company’s stock worth $388,000 after acquiring an additional 515 shares during the period. First Dallas Securities Inc. boosted its stake in shares of AZEK by 5.8% during the 3rd quarter. First Dallas Securities Inc. now owns 10,050 shares of the company’s stock worth $299,000 after acquiring an additional 550 shares during the period. Stifel Financial Corp boosted its stake in shares of AZEK by 5.2% during the 4th quarter. Stifel Financial Corp now owns 11,417 shares of the company’s stock worth $437,000 after acquiring an additional 565 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of AZEK by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 58,496 shares of the company’s stock worth $2,237,000 after acquiring an additional 570 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.