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

The AZEK Company Inc. (NYSE:AZEK) has been assigned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $54.32.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on AZEK from $54.00 to $57.00 and gave the company a “market perform” rating in a report on Monday. The Goldman Sachs Group increased their price target on shares of AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Baird R W lowered shares of AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wolfe Research reiterated a “peer perform” rating on shares of AZEK in a research note on Wednesday. Finally, Barclays boosted their price target on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th.

AZEK Price Performance

Shares of NYSE:AZEK opened at $49.77 on Friday. AZEK has a 12 month low of $35.48 and a 12 month high of $54.91. The firm has a market capitalization of $7.15 billion, a P/E ratio of 50.27, a P/E/G ratio of 1.91 and a beta of 1.95. 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’s fifty day moving average price is $47.41 and its 200 day moving average price is $47.31.

AZEK (NYSE:AZEK) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that AZEK will post 1.34 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.08, for a total value of $1,020,980.96. Following the completion of the transaction, the chief executive officer now owns 883,765 shares in the company, valued at $44,258,951.20. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 55,000 shares of company stock valued at $2,518,624 in the last three months. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AZEK. Vanguard Group Inc. grew its holdings in AZEK by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company’s stock valued at $685,032,000 after purchasing an additional 54,725 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of AZEK by 33.8% in the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after buying an additional 3,595,863 shares in the last quarter. FMR LLC boosted its position in shares of AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company’s stock worth $584,431,000 after buying an additional 5,499,986 shares in the last quarter. Alliancebernstein L.P. grew 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 valued at $156,396,000 after acquiring an additional 429,574 shares during the last quarter. Finally, State Street Corp increased its holdings in 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 acquiring an additional 45,774 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.