AZEK’s (AZEK) “Market Perform” Rating Reiterated at William Blair

William Blair reissued their market perform rating on shares of AZEK (NYSE:AZEK) in a report released on Monday morning, Marketbeat Ratings reports.

Other research analysts also recently issued reports about the stock. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and increased their target price for the company from $51.00 to $60.00 in a research report on Monday, January 6th. The Goldman Sachs Group raised their price objective on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird reissued a “neutral” rating and issued a $53.00 target price (down from $58.00) on shares of AZEK in a report on Monday. Royal Bank of Canada upped their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Barclays lifted their price target on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.32.

AZEK Stock Performance

NYSE:AZEK opened at $48.96 on Monday. AZEK has a 12 month low of $35.48 and a 12 month high of $54.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The firm has a market capitalization of $7.03 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95. The business’s fifty day moving average price is $47.41 and its 200 day moving average price is $47.30.

AZEK (NYSE:AZEK) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, sell-side analysts anticipate that AZEK will post 1.34 earnings per share for the current fiscal year.

Insider Activity

In other AZEK news, 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 value of $882,192.74. Following the sale, the chief executive officer now owns 904,152 shares of the company’s stock, valued at approximately $40,668,756.96. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 55,000 shares of company stock valued at $2,518,624 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of AZEK

Several hedge funds have recently modified their holdings of the business. Empowered Funds LLC acquired a new position in AZEK during the fourth quarter worth $27,000. FIL Ltd acquired a new position in shares of AZEK during the 4th quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after purchasing an additional 592 shares during the period. Avalon Trust Co purchased a new position in shares of AZEK in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC lifted its stake in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

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.