The AZEK Company Inc. (NYSE:AZEK) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned a consensus rating of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $53.93.

Several brokerages recently commented on AZEK. Barclays upped their target price on AZEK from $53.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. UBS Group cut their target price on AZEK from $55.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. William Blair reiterated a “market perform” rating on shares of AZEK in a report on Monday, March 24th. Robert W. Baird increased their price target on AZEK from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of AZEK in a report on Wednesday, March 26th.

Insider Activity at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the sale, the chief executive officer directly owned 852,765 shares of the company’s stock, valued at $43,832,121. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of AZEK

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of AZEK by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company’s stock valued at $685,032,000 after acquiring an additional 54,725 shares during the last quarter. FMR LLC increased its position in shares of AZEK by 80.7% during the fourth quarter. FMR LLC now owns 12,311,577 shares of the company’s stock valued at $584,431,000 after acquiring an additional 5,499,986 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of AZEK by 15.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company’s stock valued at $156,396,000 after acquiring an additional 429,574 shares during the last quarter. Wasatch Advisors LP increased its position in AZEK by 11.6% in the fourth quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company’s stock worth $98,928,000 after buying an additional 216,849 shares during the last quarter. Finally, Millennium Management LLC increased its position in AZEK by 217.3% in the first quarter. Millennium Management LLC now owns 2,021,778 shares of the company’s stock worth $98,845,000 after buying an additional 1,384,667 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Stock Performance

Shares of AZEK stock opened at $54.35 on Friday. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 53.28 and a beta of 1.82. The stock has a 50-day moving average of $51.53 and a 200-day moving average of $48.87. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.29. AZEK has a 1-year low of $35.48 and a 1-year high of $54.91.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. AZEK had a return on equity of 13.87% and a net margin of 9.92%. The company had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that AZEK will post 1.34 earnings per share for the current year.

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.