The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh Sells 20,000 Shares

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the transaction, the chief executive officer now owns 923,765 shares in the company, valued at $49,255,149.80. The trade was a 2.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

AZEK Price Performance

Shares of AZEK stock opened at $48.18 on Friday. The firm has a market cap of $6.89 billion, a PE ratio of 46.33, a P/E/G ratio of 2.40 and a beta of 1.92. The AZEK Company Inc. has a twelve month low of $35.38 and a twelve month high of $54.91. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $48.22 and a 200 day moving average price of $45.12.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AZEK. DA Davidson upped their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their price objective on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Friday, October 4th. Robert W. Baird increased their price target on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Barclays lifted their price objective on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AZEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.67.

Institutional Trading of AZEK

Institutional investors and hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new position in shares of AZEK during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of AZEK in the third quarter valued at about $39,000. Blue Trust Inc. increased its stake in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AZEK during the 3rd quarter worth about $59,000. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

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.