AZEK (NYSE:AZEK) Given Neutral Rating at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of AZEK (NYSE:AZEK) in a report released on Monday,Benzinga reports. Robert W. Baird currently has a $53.00 price target on the stock, down from their prior price target of $58.00.

A number of other analysts have also weighed in on the stock. Barclays upped their target price on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. The Goldman Sachs Group lifted their price objective on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada upped their target price on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $60.00 in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $54.32.

AZEK Trading Down 0.1 %

NYSE:AZEK opened at $48.96 on Monday. AZEK has a 1 year low of $35.48 and a 1 year high of $54.91. The stock’s fifty day moving average price is $47.41 and its two-hundred day moving average price is $47.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The company has a market cap of $7.03 billion, a P/E ratio of 49.45, a P/E/G ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last issued its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. As a group, analysts expect that AZEK will post 1.34 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jesse G. Singh sold 15,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the sale, the chief executive officer now owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of AZEK

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in shares of AZEK by 7.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 165,436 shares of the company’s stock worth $7,853,000 after buying an additional 12,087 shares during the period. Vident Advisory LLC purchased a new position in shares of AZEK in the fourth quarter valued at about $217,000. Squarepoint Ops LLC bought a new position in shares of AZEK during the fourth quarter valued at about $1,397,000. Tabor Asset Management LP purchased a new stake in shares of AZEK during the fourth quarter worth about $2,289,000. Finally, Tidal Investments LLC grew its stake in shares of AZEK by 4,255.1% in the fourth quarter. Tidal Investments LLC now owns 461,076 shares of the company’s stock worth $21,887,000 after purchasing an additional 450,489 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

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.