AZEK (NYSE:AZEK) Receives “Equal Weight” Rating from Stephens

Stephens reissued their equal weight rating on shares of AZEK (NYSE:AZEK) in a research note published on Monday,Benzinga reports. They currently have a $58.00 target price on the stock.

Several other equities research analysts have also commented on the stock. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and upped their price target for the company from $51.00 to $60.00 in a research report on Monday, January 6th. Robert W. Baird reaffirmed a “neutral” rating and set a $53.00 target price (down from $58.00) on shares of AZEK in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. BMO Capital Markets upped their price objective on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.93.

AZEK Trading Up 17.6 %

Shares of AZEK stock opened at $48.67 on Monday. 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 stock has a market capitalization of $6.99 billion, a P/E ratio of 49.16, a P/E/G ratio of 1.91 and a beta of 1.95. The firm’s 50 day moving average is $47.39 and its 200 day moving average is $47.23.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) 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%. Research analysts expect that AZEK will post 1.34 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 15,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the transaction, the chief executive officer now directly owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. This trade represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 55,000 shares of company stock valued at $2,518,624. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in AZEK during the fourth quarter valued at approximately $27,000. FIL Ltd purchased a new stake in AZEK during the fourth quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in AZEK by 623.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock valued at $33,000 after purchasing an additional 592 shares during the last quarter. Avalon Trust Co bought a new stake in shares of AZEK in the 4th quarter worth about $38,000. Finally, GAMMA Investing LLC raised its position in shares of AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Company Profile

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.