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

Shares of The AZEK Company Inc. (NYSE:AZEK) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $53.73.

A number of research firms recently commented on AZEK. BMO Capital Markets boosted their price target on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Barclays increased their price target on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Friday, October 4th. Finally, The Goldman Sachs Group upped their target price on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

Insider Activity at AZEK

In related news, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares in the company, valued at $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the sale, the chief executive officer now directly owns 923,765 shares of the company’s stock, valued at $49,255,149.80. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On AZEK

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of AZEK by 17.9% during the 2nd quarter. Rhumbline Advisers now owns 158,596 shares of the company’s stock valued at $6,682,000 after purchasing an additional 24,055 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of AZEK during the 2nd quarter worth approximately $215,000. Federated Hermes Inc. boosted its holdings in shares of AZEK by 337.7% during the 2nd quarter. Federated Hermes Inc. now owns 18,353 shares of the company’s stock worth $773,000 after buying an additional 14,160 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of AZEK by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 203,302 shares of the company’s stock worth $8,565,000 after buying an additional 15,317 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of AZEK by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after acquiring an additional 118,351 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

AZEK Price Performance

AZEK stock opened at $44.80 on Friday. The stock’s fifty day moving average price is $49.49 and its two-hundred day moving average price is $45.35. The firm has a market cap of $6.41 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 2.40 and a beta of 1.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. AZEK has a one year low of $35.48 and a one year high of $54.91.

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.