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 AZEK 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 completion of the transaction, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This trade represents a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AZEK Stock Performance

NYSE AZEK opened at $52.74 on Wednesday. The AZEK Company Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $54.91. 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 firm has a market capitalization of $7.54 billion, a P/E ratio of 50.71, a PEG ratio of 2.40 and a beta of 1.92. The stock has a 50-day simple moving average of $48.03 and a two-hundred day simple moving average of $45.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC grew its stake in shares of AZEK by 69.8% during the 3rd quarter. Tidal Investments LLC now owns 10,587 shares of the company’s stock worth $495,000 after purchasing an additional 4,352 shares during the period. Sanctuary Advisors LLC increased its holdings in AZEK by 97.8% in the third quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company’s stock valued at $572,000 after buying an additional 5,553 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of AZEK by 11.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 57,701 shares of the company’s stock worth $2,700,000 after acquiring an additional 5,815 shares during the period. Geode Capital Management LLC boosted its stake in shares of AZEK by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock worth $109,105,000 after acquiring an additional 12,644 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of AZEK by 140.5% during the 3rd quarter. M&T Bank Corp now owns 14,473 shares of the company’s stock valued at $677,000 after acquiring an additional 8,456 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. DA Davidson lifted their price objective 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. Barclays upped 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. Robert W. Baird boosted their target price on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group raised their price target on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.