The AZEK Company Inc. (NYSE:AZEK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The AZEK Company Inc. (NYSE:AZEK) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $42.84.

AZEK has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of AZEK from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Stephens raised their price target on shares of AZEK from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. TheStreet raised shares of AZEK from a “c+” rating to a “b-” rating in a research report on Wednesday, January 31st. Citigroup raised their price target on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, B. Riley raised their price target on shares of AZEK from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total value of $627,900.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $48.30, for a total transaction of $627,900.00. Following the sale, the chief executive officer now directly owns 1,083,444 shares in the company, valued at $52,330,345.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michelle A. Kasson sold 94,431 shares of AZEK stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $49.47, for a total transaction of $4,671,501.57. Following the sale, the insider now owns 23,544 shares in the company, valued at $1,164,721.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,431 shares of company stock worth $6,356,622. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On AZEK

A number of hedge funds and other institutional investors have recently modified their holdings of AZEK. Vanguard Group Inc. raised its position in AZEK by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,069,026 shares of the company’s stock worth $499,890,000 after acquiring an additional 56,612 shares in the last quarter. Wellington Management Group LLP raised its position in AZEK by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 12,152,986 shares of the company’s stock worth $464,852,000 after acquiring an additional 42,132 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in AZEK by 7.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,632,693 shares of the company’s stock worth $291,951,000 after acquiring an additional 516,523 shares in the last quarter. BlackRock Inc. raised its position in AZEK by 15.6% in the second quarter. BlackRock Inc. now owns 6,899,713 shares of the company’s stock worth $208,992,000 after acquiring an additional 929,341 shares in the last quarter. Finally, Morgan Stanley raised its position in AZEK by 272.4% in the fourth quarter. Morgan Stanley now owns 3,973,475 shares of the company’s stock worth $80,741,000 after acquiring an additional 2,906,460 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.

AZEK Stock Down 0.2 %

Shares of NYSE:AZEK opened at $46.19 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43. AZEK has a 52-week low of $23.08 and a 52-week high of $50.78. The company has a 50 day moving average of $47.79 and a two-hundred day moving average of $38.34. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 58.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.92.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. AZEK had a net margin of 8.57% and a return on equity of 9.61%. The company had revenue of $240.44 million during the quarter, compared to the consensus estimate of $234.12 million. As a group, analysts forecast that AZEK will post 1.02 earnings per share for the current fiscal year.

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.