Analysts Set The AZEK Company Inc. (NYSE:AZEK) PT at $54.85

Shares of The AZEK Company Inc. (NYSE:AZEK) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.85.

AZEK has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. Robert W. Baird boosted their price objective on shares of AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group upped their target price on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays upped their price target on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets upped their price target on shares of AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Thursday, February 6th.

Insider Buying and Selling

In related news, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the transaction, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This represents a 9.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the transaction, the chief executive officer now owns 883,765 shares of the company’s stock, valued at $44,258,951.20. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,709 shares of company stock valued at $3,060,151 in the last quarter. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On AZEK

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Equitable Trust Co. grew its position in AZEK by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after buying an additional 226 shares in the last quarter. GAMMA Investing LLC grew its position in AZEK by 39.1% in 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. Truist Financial Corp boosted its position in shares of AZEK by 1.6% during the 4th quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock valued at $793,000 after purchasing an additional 255 shares in the last quarter. Investment House LLC boosted its position in shares of AZEK by 0.7% during the 4th quarter. Investment House LLC now owns 39,255 shares of the company’s stock valued at $1,863,000 after purchasing an additional 290 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of AZEK by 4.8% during the 4th quarter. Federated Hermes Inc. now owns 6,984 shares of the company’s stock valued at $332,000 after purchasing an additional 318 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

AZEK Stock Performance

Shares of AZEK opened at $43.25 on Monday. The company has a 50-day moving average of $48.65 and a two-hundred day moving average of $47.18. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.21 billion, a P/E ratio of 43.69, a PEG ratio of 1.91 and a beta of 1.95. AZEK has a 12-month low of $35.48 and a 12-month high of $54.91.

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

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.