Brokerages Set The AZEK Company Inc. (NYSE:AZEK) PT at $52.67

Shares of The AZEK Company Inc. (NYSE:AZEK) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $52.67.

A number of analysts have weighed in on AZEK shares. DA Davidson increased their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Truist Financial raised their target price on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Loop Capital cut AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. Finally, Robert W. Baird boosted their price target on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th.

Insider Buying and Selling

In other news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the sale, the chief executive officer now owns 923,765 shares in the company, valued at approximately $49,255,149.80. This represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its position in shares of AZEK by 69.8% in the third quarter. Tidal Investments LLC now owns 10,587 shares of the company’s stock valued at $495,000 after acquiring an additional 4,352 shares during the period. Sanctuary Advisors LLC increased its position in shares of AZEK by 97.8% during the third quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company’s stock valued at $572,000 after purchasing an additional 5,553 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of AZEK by 11.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 57,701 shares of the company’s stock valued at $2,700,000 after purchasing an additional 5,815 shares in the last quarter. Geode Capital Management LLC boosted its stake in AZEK by 0.5% during the third 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 in the last quarter. Finally, M&T Bank Corp increased its holdings in AZEK by 140.5% in the 3rd quarter. M&T Bank Corp now owns 14,473 shares of the company’s stock valued at $677,000 after buying an additional 8,456 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Price Performance

AZEK opened at $49.26 on Wednesday. The company has a 50-day moving average of $48.47 and a 200-day moving average of $45.20. AZEK has a 1-year low of $35.38 and a 1-year high of $54.91. The company has a market capitalization of $7.04 billion, a P/E ratio of 47.37, a PEG ratio of 2.40 and a beta of 1.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17.

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.