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

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $48.30, for a total value of $627,900.00. Following the transaction, the chief executive officer now directly owns 1,083,444 shares in the company, valued at $52,330,345.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AZEK Stock Down 1.3 %

AZEK stock opened at $47.29 on Friday. The stock has a market cap of $6.98 billion, a PE ratio of 59.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 2.99. The AZEK Company Inc. has a one year low of $23.08 and a one year high of $50.78. The stock has a fifty day moving average of $47.52 and a 200 day moving average of $37.98.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $240.44 million during the quarter, compared to analysts’ expectations of $234.12 million. AZEK had a return on equity of 9.61% and a net margin of 8.57%. As a group, sell-side analysts predict that The AZEK Company Inc. will post 1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AZEK shares. Stephens lifted their price target on AZEK from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Citigroup lifted their price target on AZEK from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Robert W. Baird lifted their price target on AZEK from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Royal Bank of Canada lifted their price target on AZEK from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets boosted their target price on AZEK from $39.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.84.

Institutional Trading of AZEK

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. MA increased its position in AZEK by 26.3% in the first quarter. Congress Asset Management Co. MA now owns 237,326 shares of the company’s stock worth $11,919,000 after buying an additional 49,460 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in AZEK in the first quarter worth about $227,000. Los Angeles Capital Management LLC purchased a new stake in AZEK in the first quarter worth about $11,683,000. HighPoint Advisor Group LLC purchased a new stake in AZEK in the fourth quarter worth about $273,000. Finally, Quadrature Capital Ltd purchased a new stake in AZEK in the fourth quarter worth about $406,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

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.