Jesse G. Singh Sells 19,613 Shares of The AZEK Company Inc. (NYSE:AZEK) Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 19,613 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $44.98, for a total transaction of $882,192.74. Following the completion of the sale, the chief executive officer now owns 904,152 shares of the company’s stock, valued at $40,668,756.96. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

AZEK Stock Up 1.1 %

Shares of AZEK traded up $0.50 during trading hours on Monday, reaching $45.29. 2,068,061 shares of the stock traded hands, compared to its average volume of 1,737,294. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 2.40 and a beta of 1.94. The stock has a fifty day simple moving average of $49.49 and a 200 day simple moving average of $45.38. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AZEK. The Goldman Sachs Group increased their price objective on shares of AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Barclays boosted their price objective on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial upped their target price on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, DA Davidson lifted their price target on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AZEK currently has a consensus rating of “Moderate Buy” and an average price target of $53.73.

Hedge Funds Weigh In On AZEK

A number of hedge funds and other institutional investors have recently modified their holdings of AZEK. Wellington Management Group LLP increased its position in shares of AZEK by 33.8% during the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after acquiring an additional 3,595,863 shares during the last quarter. FMR LLC increased its position in shares of AZEK by 57.9% during the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after purchasing an additional 2,497,074 shares during the last quarter. State Street Corp increased its position in shares of AZEK by 1.9% during the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AZEK by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock worth $99,175,000 after purchasing an additional 118,351 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of AZEK by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock worth $109,105,000 after buying an additional 12,644 shares during the last quarter. Hedge funds and other 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.