Jesse G. Singh Sells 20,387 Shares of The AZEK Company Inc. (NYSE:AZEK) Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,387 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the sale, the chief executive officer now directly owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AZEK Price Performance

Shares of NYSE:AZEK opened at $49.07 on Thursday. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 49.57, a P/E/G ratio of 2.19 and a beta of 1.94. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a current ratio of 2.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $50.01 and a 200 day simple moving average of $46.55.

AZEK (NYSE:AZEK) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. As a group, sell-side analysts predict that The AZEK Company Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. DA Davidson increased their price target on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group lifted their target price on shares of AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays upped their price target on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Robert W. Baird lifted their price objective on shares of AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets boosted their target price on shares of AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, AZEK has an average rating of “Moderate Buy” and an average price target of $54.85.

Institutional Investors Weigh In On AZEK

Several institutional investors and hedge funds have recently modified their holdings of AZEK. Vanguard Group Inc. raised its holdings in 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 buying an additional 54,725 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after acquiring an additional 3,595,863 shares during the last quarter. FMR LLC raised its stake in shares of AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after acquiring an additional 2,497,074 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of AZEK by 15.0% in the 4th 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 in the last quarter. Finally, State Street Corp lifted its holdings in AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after purchasing an additional 45,774 shares during the last quarter. Institutional investors and hedge funds 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.