Insider Selling: The AZEK Company Inc. (NYSE:AZEK) CEO Sells $1,066,400.00 in Stock

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

AZEK Price Performance

Shares of AZEK stock opened at $48.18 on Friday. The stock’s 50-day moving average is $48.22 and its 200 day moving average is $45.12. The AZEK Company Inc. has a 1-year low of $35.38 and a 1-year high of $54.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The company has a market cap of $6.89 billion, a P/E ratio of 46.33, a PEG ratio of 2.40 and a beta of 1.92.

Institutional Trading of AZEK

A number of institutional investors have recently modified their holdings of AZEK. ORG Wealth Partners LLC bought a new position in shares of AZEK during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC increased its position in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of AZEK during the 3rd quarter valued at $39,000. Blue Trust Inc. boosted its position in shares of AZEK by 106.4% in the 3rd 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. purchased a new position in AZEK during the 3rd quarter worth $59,000. 97.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZEK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. DA Davidson lifted their price target on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group boosted their price target on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Truist Financial raised their price objective on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.67.

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.