AZEK’s (AZEK) “Neutral” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reaffirmed their neutral rating on shares of AZEK (NYSE:AZEK) in a research report released on Monday,Benzinga reports. Robert W. Baird currently has a $53.00 price target on the stock, down from their prior price target of $58.00.

AZEK has been the topic of a number of other research reports. The Goldman Sachs Group lifted their price objective on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays upped their price objective on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada raised their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets upped their price target on shares of AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.93.

AZEK Price Performance

AZEK stock opened at $48.67 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The business has a 50 day simple moving average of $47.39 and a 200-day simple moving average of $47.23. 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 PE ratio of 49.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Equities 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 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 55,000 shares of company stock worth $2,518,624 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of AZEK

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of AZEK in the fourth quarter valued at $27,000. FIL Ltd purchased a new stake in AZEK in the 4th quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock valued at $33,000 after acquiring an additional 592 shares during the last quarter. Avalon Trust Co purchased a new position in shares of AZEK during the 4th quarter worth about $38,000. Finally, GAMMA Investing LLC boosted its position in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after acquiring an additional 239 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.