The AZEK Company Inc. (NYSE:AZEK) Given Consensus Recommendation of “Hold” by Analysts

Shares of The AZEK Company Inc. (NYSE:AZEK) have received an average rating of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $53.93.

Several research firms have recently issued reports on AZEK. Barclays lifted their target price on shares of AZEK from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Stephens reduced their price objective on AZEK from $58.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. UBS Group dropped their target price on AZEK from $55.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Robert W. Baird increased their target price on AZEK from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Loop Capital lowered their price target on AZEK from $55.00 to $49.00 and set a “hold” rating for the company in a research report on Thursday, April 17th.

AZEK Price Performance

Shares of AZEK stock opened at $54.35 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.47 and a current ratio of 2.45. AZEK has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The firm has a market cap of $7.82 billion, a P/E ratio of 53.28 and a beta of 1.82. The business’s 50 day moving average price is $52.97 and its 200-day moving average price is $49.67.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $452.23 million during the quarter, compared to analyst estimates of $444.75 million. AZEK had a net margin of 9.92% and a return on equity of 13.87%. AZEK’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. On average, equities research analysts anticipate that AZEK will post 1.34 earnings per share for the current year.

Insider Activity at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the transaction, the chief executive officer owned 852,765 shares of the company’s stock, valued at $43,832,121. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of AZEK by 17.7% during the fourth quarter. LPL Financial LLC now owns 37,247 shares of the company’s stock valued at $1,768,000 after buying an additional 5,589 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 acquiring an additional 592 shares in the last quarter. Norges Bank bought a new stake in AZEK in the 4th quarter valued at $94,987,000. Alliancebernstein L.P. lifted its stake in AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company’s stock worth $156,396,000 after purchasing an additional 429,574 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new position in shares of AZEK during the 4th quarter valued at about $812,000. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.