AZEK (NYSE:AZEK) Given Market Perform Rating at William Blair

William Blair restated their market perform rating on shares of AZEK (NYSE:AZEK) in a research report report published on Monday morning,Benzinga reports.

Several other equities research analysts also recently weighed in on the stock. Robert W. Baird reissued a “neutral” rating and issued a $53.00 target price (down previously from $58.00) on shares of AZEK in a research note on Monday. The Goldman Sachs Group increased their price objective 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. Stephens restated an “equal weight” rating and set a $58.00 target price on shares of AZEK in a research report on Monday. Barclays upped their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets raised their price target on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.93.

AZEK Stock Up 17.6 %

Shares of NYSE:AZEK opened at $48.67 on Monday. The company has a 50-day moving average price of $47.39 and a 200 day moving average price of $47.23. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. AZEK has a 12 month low of $35.48 and a 12 month high of $54.91. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts predict that AZEK will post 1.34 earnings per share for the current year.

Insider Activity

In related news, CEO Jesse G. Singh sold 19,613 shares of AZEK stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the transaction, the chief executive officer now directly owns 904,152 shares of the company’s stock, valued at $40,668,756.96. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 55,000 shares of company stock worth $2,518,624. Company insiders own 3.20% of the company’s stock.

Institutional Trading of AZEK

A number of hedge funds have recently bought and sold shares of AZEK. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AZEK by 105.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after acquiring an additional 31,193 shares in the last quarter. State Street Corp grew its stake in AZEK by 1.9% in 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. JPMorgan Chase & Co. raised its holdings in AZEK by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock worth $93,564,000 after purchasing an additional 90,206 shares in the last quarter. Advantage Alpha Capital Partners LP purchased a new stake in shares of AZEK during the third quarter valued at about $3,253,000. Finally, Stifel Financial Corp boosted its holdings in shares of AZEK by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company’s stock valued at $1,052,000 after buying an additional 4,454 shares in the last quarter. Hedge funds and other 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.