The AZEK Company Inc. (NYSE:AZEK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have been given an average recommendation of “Moderate Buy” by the seventeen analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.94.

AZEK has been the subject of several recent research reports. Truist Financial lifted their target price on shares of AZEK from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada lifted their target price on shares of AZEK from $43.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. TheStreet upgraded shares of AZEK from a “c+” rating to a “b-” rating in a report on Wednesday, January 31st. Citigroup boosted their price objective on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, B. Riley boosted their price objective on shares of AZEK from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th.

Insider Activity

In other news, insider Jonathan Skelly sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $46.78, for a total transaction of $467,800.00. Following the completion of the sale, the insider now owns 180,784 shares of the company’s stock, valued at approximately $8,457,075.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Michelle A. Kasson sold 94,431 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $49.47, for a total value of $4,671,501.57. Following the completion of the transaction, the insider now owns 23,544 shares of the company’s stock, valued at approximately $1,164,721.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Skelly sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $46.78, for a total transaction of $467,800.00. Following the completion of the transaction, the insider now directly owns 180,784 shares of the company’s stock, valued at approximately $8,457,075.52. The disclosure for this sale can be found here. Insiders sold a total of 130,431 shares of company stock valued at $6,356,622 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in shares of AZEK by 45.9% during the 4th quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of AZEK by 58.9% during the 1st quarter. Venturi Wealth Management LLC now owns 707 shares of the company’s stock valued at $36,000 after purchasing an additional 262 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its holdings in shares of AZEK by 4.1% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 13,044 shares of the company’s stock valued at $388,000 after purchasing an additional 515 shares during the last quarter. First Dallas Securities Inc. boosted its holdings in shares of AZEK by 5.8% during the 3rd quarter. First Dallas Securities Inc. now owns 10,050 shares of the company’s stock valued at $299,000 after purchasing an additional 550 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of AZEK by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 58,496 shares of the company’s stock valued at $2,237,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

AZEK Stock Performance

AZEK stock opened at $47.17 on Tuesday. The stock’s 50 day simple moving average is $47.87 and its two-hundred day simple moving average is $39.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 2.99. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 59.71, a PEG ratio of 1.50 and a beta of 1.93. AZEK has a fifty-two week low of $23.08 and a fifty-two week high of $50.78.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. The business had revenue of $240.44 million for the quarter, compared to analysts’ expectations of $234.12 million. AZEK had a return on equity of 9.61% and a net margin of 8.57%. As a group, analysts expect that AZEK will post 1.03 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.