AZEK (NYSE:AZEK) Now Covered by Benchmark

Benchmark began coverage on shares of AZEK (NYSE:AZEK) in a report released on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $55.00 price target on the stock. Benchmark’s price target suggests a potential upside of 21.47% from the stock’s previous close.

AZEK has been the topic of a number of other research reports. Barclays increased their price target on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada increased their price target on AZEK from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Stephens increased their price target on AZEK from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Truist Financial increased their price target on AZEK from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Citigroup increased their price target on AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.45.

AZEK Price Performance

Shares of NYSE:AZEK opened at $45.28 on Friday. The business’s fifty day moving average price is $47.78 and its two-hundred day moving average price is $38.43. The stock has a market cap of $6.69 billion, a PE ratio of 57.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 2.99. AZEK has a one year low of $23.08 and a one year high of $50.78.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $240.44 million for the quarter, compared to analysts’ expectations of $234.12 million. AZEK had a return on equity of 9.61% and a net margin of 8.57%. On average, analysts forecast that AZEK will post 1.02 EPS for the current fiscal year.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.34, for a total value of $589,420.00. Following the completion of the sale, the chief executive officer now directly owns 1,184,444 shares in the company, valued at approximately $53,702,690.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Jonathan Skelly sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $46.78, for a total transaction of $467,800.00. Following the completion of the sale, the insider now directly owns 180,784 shares in the company, valued at $8,457,075.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.34, for a total value of $589,420.00. Following the sale, the chief executive officer now owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The disclosure for this sale can be found here. In the last three months, insiders sold 130,431 shares of company stock worth $6,356,622. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of AZEK

Several large investors have recently modified their holdings of AZEK. Quadrant Capital Group LLC grew its stake in AZEK by 45.9% in the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock worth $28,000 after purchasing an additional 229 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in AZEK by 726.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after purchasing an additional 1,060 shares in the last quarter. BluePath Capital Management LLC acquired a new position in AZEK in the third quarter worth about $31,000. Principal Securities Inc. acquired a new position in AZEK in the fourth quarter worth about $44,000. Finally, Covestor Ltd grew its stake in AZEK by 1,441.8% in the first quarter. Covestor Ltd now owns 2,544 shares of the company’s stock worth $63,000 after purchasing an additional 2,379 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.