Insider Selling: The AZEK Company Inc. (NYSE:AZEK) CEO Sells 19,613 Shares of Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 19,613 shares of AZEK stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $44.98, for a total transaction of $882,192.74. Following the completion of the sale, the chief executive officer now directly owns 904,152 shares in the company, valued at $40,668,756.96. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

AZEK Price Performance

NYSE:AZEK traded up $0.50 during trading hours on Monday, hitting $45.29. 2,068,061 shares of the company’s stock traded hands, compared to its average volume of 1,737,294. The firm has a market cap of $6.48 billion, a P/E ratio of 43.55, a P/E/G ratio of 2.40 and a beta of 1.94. 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’s fifty day simple moving average is $49.49 and its two-hundred day simple moving average is $45.38. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91.

Institutional Trading of AZEK

Large investors have recently modified their holdings of the business. WCM Investment Management LLC raised its stake in AZEK by 2.2% in the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock valued at $25,232,000 after purchasing an additional 11,770 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of AZEK by 8.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after buying an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AZEK by 105.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after acquiring an additional 31,193 shares during the last quarter. State Street Corp grew its position in AZEK by 1.9% in the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after acquiring an additional 45,774 shares in the last quarter. Finally, Algert Global LLC increased its stake in AZEK by 18.5% in the third quarter. Algert Global LLC now owns 119,453 shares of the company’s stock valued at $5,590,000 after acquiring an additional 18,690 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AZEK. Barclays raised their target price on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. BMO Capital Markets boosted their price objective on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. DA Davidson boosted their price target on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Finally, Truist Financial upped their price target on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.73.

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.