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

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total transaction of $627,900.00. Following the completion of the sale, the chief executive officer now owns 1,083,444 shares of the company’s stock, valued at $52,330,345.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

AZEK Trading Down 1.3 %

Shares of AZEK stock opened at $47.29 on Friday. The AZEK Company Inc. has a 12-month low of $23.08 and a 12-month high of $50.78. The company has a current ratio of 2.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $47.52 and its 200 day moving average is $38.04. The stock has a market capitalization of $6.98 billion, a P/E ratio of 59.86, a P/E/G ratio of 1.57 and a beta of 1.92.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AZEK. PNC Financial Services Group Inc. boosted its stake in shares of AZEK by 35.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,990 shares of the company’s stock worth $299,000 after acquiring an additional 3,124 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of AZEK during the 1st quarter valued at $1,468,000. Bank of Montreal Can lifted its stake in shares of AZEK by 155.0% during the 1st quarter. Bank of Montreal Can now owns 22,887 shares of the company’s stock valued at $602,000 after buying an additional 13,910 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of AZEK during the 1st quarter valued at $124,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of AZEK by 113.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 724,014 shares of the company’s stock valued at $17,989,000 after buying an additional 384,936 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Analyst Ratings Changes

AZEK has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of AZEK from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Barclays raised their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Truist Financial raised their target price on shares of AZEK from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Citigroup raised their target price on shares of AZEK from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, B. Riley raised their target price on shares of AZEK from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.84.

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.