Samara Toole Sells 1,709 Shares of The AZEK Company Inc. (NYSE:AZEK) Stock

The AZEK Company Inc. (NYSE:AZEK) CMO Samara Toole sold 1,709 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

AZEK Price Performance

AZEK opened at $48.97 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The stock has a market capitalization of $7.00 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 2.40 and a beta of 1.92. The stock’s 50 day moving average price is $48.13 and its 200-day moving average price is $45.10. The AZEK Company Inc. has a 52-week low of $35.38 and a 52-week high of $54.91.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial lifted their price target on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. DA Davidson lifted their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price target on shares of AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Barclays boosted their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, AZEK has an average rating of “Moderate Buy” and a consensus target price of $52.67.

Institutional Trading of AZEK

Several large investors have recently added to or reduced their stakes in AZEK. Wealth Enhancement Advisory Services LLC lifted its position in shares of AZEK by 14.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,436 shares of the company’s stock worth $440,000 after purchasing an additional 1,308 shares during the period. Raymond James & Associates lifted its holdings in AZEK by 290.8% in the second quarter. Raymond James & Associates now owns 121,623 shares of the company’s stock worth $5,124,000 after buying an additional 90,499 shares during the period. Summit Global Investments bought a new stake in AZEK during the 2nd quarter valued at approximately $744,000. Investment House LLC grew its holdings in shares of AZEK by 6.5% during the 2nd quarter. Investment House LLC now owns 20,350 shares of the company’s stock worth $857,000 after acquiring an additional 1,250 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in shares of AZEK in the 2nd quarter worth approximately $90,000. Institutional investors own 97.44% of the company’s stock.

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.