The AZEK Company Inc. (NYSE:AZEK) CEO Sells $1,020,980.96 in Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $50.08, for a total value of $1,020,980.96. Following the completion of the transaction, the chief executive officer now directly owns 883,765 shares in the company, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

AZEK Stock Performance

AZEK opened at $49.95 on Friday. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 50.45, a P/E/G ratio of 2.19 and a beta of 1.94. The business’s 50-day moving average price is $49.94 and its two-hundred day moving average price is $46.57. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.14.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that The AZEK Company Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. DA Davidson upped their price objective on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. The Goldman Sachs Group upped their price target on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Finally, Barclays increased their target price on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, AZEK presently has an average rating of “Moderate Buy” and a consensus price target of $54.85.

Institutional Trading of AZEK

A number of institutional investors have recently made changes to their positions in AZEK. Vanguard Group Inc. increased its stake in AZEK by 0.4% in the 4th 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 during the last quarter. Wellington Management Group LLP grew its holdings in shares of AZEK by 33.8% in 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 in the last quarter. FMR LLC increased its position in shares of AZEK by 80.7% in 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. raised its holdings in AZEK by 15.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company’s stock worth $156,396,000 after acquiring an additional 429,574 shares in the last quarter. Finally, State Street Corp boosted its position in AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the last quarter. 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.