AZEK (NYSE:AZEK) Earns Market Perform Rating from William Blair

AZEK (NYSE:AZEK)‘s stock had its “market perform” rating reissued by analysts at William Blair in a research note issued on Monday,Benzinga reports.

Other equities research analysts have also recently issued reports about the company. 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. Stephens reiterated an “equal weight” rating and issued a $58.00 target price on shares of AZEK in a report on Monday. Royal Bank of Canada raised their price target on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. Finally, The Goldman Sachs Group increased their target price on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.93.

AZEK Stock Up 14.0 %

Shares of AZEK stock traded up $5.81 on Monday, hitting $47.20. The stock had a trading volume of 15,681,491 shares, compared to its average volume of 1,709,335. AZEK has a one year low of $35.48 and a one year high of $54.91. The business has a 50 day moving average price of $47.32 and a 200 day moving average price of $47.18. The company has a market cap of $6.78 billion, a PE ratio of 47.68, a P/E/G ratio of 1.91 and a beta of 1.95. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Research analysts anticipate that AZEK will post 1.34 earnings per share for the current fiscal year.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the firm’s stock in a transaction that occurred on 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 directly owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 55,000 shares of company stock valued at $2,518,624 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Institutional Trading of AZEK

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