DA Davidson Has Positive Outlook of AZEK FY2025 Earnings

The AZEK Company Inc. (NYSE:AZEK) – Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of AZEK in a research report issued to clients and investors on Wednesday, February 5th. DA Davidson analyst K. Yinger now anticipates that the company will post earnings per share of $1.31 for the year, up from their previous forecast of $1.30. DA Davidson currently has a “Neutral” rating and a $50.00 target price on the stock. The consensus estimate for AZEK’s current full-year earnings is $1.28 per share.

A number of other brokerages also recently issued reports on AZEK. Truist Financial boosted their price objective on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and boosted their target price for the company from $51.00 to $60.00 in a research report on Monday, January 6th. BMO Capital Markets raised their price objective on AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.20.

AZEK Price Performance

AZEK stock opened at $51.05 on Friday. 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 company’s fifty day simple moving average is $50.29 and its 200 day simple moving average is $46.36. AZEK has a 12-month low of $35.48 and a 12-month high of $54.91. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 2.23 and a beta of 1.94.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 10.68% and a return on equity of 12.68%.

Insider Activity

In related news, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at $881,496. This represents a 9.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 904,152 shares of the company’s stock, valued at approximately $40,668,756.96. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,322 shares of company stock worth $2,039,170 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after acquiring an additional 3,595,863 shares in the last quarter. FMR LLC boosted its position in AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after buying an additional 2,497,074 shares during the period. State Street Corp boosted its holdings in shares of AZEK by 1.9% in the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the period. Geode Capital Management LLC boosted its stake in shares of AZEK by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock valued at $109,105,000 after purchasing an additional 12,644 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in AZEK by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock valued at $93,564,000 after acquiring an additional 90,206 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

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.