AZEK (NYSE:AZEK) Given “Neutral” Rating at Citigroup

Citigroup reaffirmed their neutral rating on shares of AZEK (NYSE:AZEK) in a report published on Tuesday, Marketbeat.com reports. Citigroup currently has a $51.50 price target on the stock, down from their previous price target of $61.00.

Several other brokerages also recently weighed in on AZEK. Robert W. Baird restated a “neutral” rating and set a $53.00 price objective (down from $58.00) on shares of AZEK in a research report on Monday. Baird R W downgraded shares of AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets upped their price objective on shares of AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday. Royal Bank of Canada raised their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, William Blair reaffirmed a “market perform” rating on shares of AZEK in a research note on Monday. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.32.

AZEK Trading Up 1.9 %

Shares of AZEK stock opened at $49.77 on Tuesday. 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 has a 12-month low of $35.48 and a 12-month high of $54.91. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 50.27, a PEG ratio of 1.91 and a beta of 1.95. The firm’s 50-day moving average price is $47.41 and its two-hundred day moving average price is $47.31.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) 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%. On average, analysts forecast that AZEK will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the firm’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 completion of the transaction, the chief executive officer now owns 868,765 shares in the company, valued at approximately $35,645,427.95. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AZEK

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in AZEK during the 4th quarter worth about $27,000. FIL Ltd bought a new stake in shares of AZEK during the 4th quarter valued at about $28,000. 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 worth $33,000 after purchasing an additional 592 shares during the period. Avalon Trust Co bought a new stake in AZEK in the fourth quarter worth approximately $38,000. Finally, GAMMA Investing LLC lifted its stake in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after buying an additional 239 shares during the period. 97.44% of the stock is owned by 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.