Shares of The AZEK Company Inc. (NYSE:AZEK - Get Free Report) saw unusually-high trading volume on Monday . Approximately 5,318,542 shares were traded during mid-day trading, an increase of 130% from the previous session's volume of 2,313,690 shares.The stock last traded at $50.30 and had previously closed at $49.51.
Analysts Set New Price Targets
AZEK has been the subject of several research reports. Stephens decreased their price objective on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. William Blair reissued a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Wolfe Research restated a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Robert W. Baird upped their price objective on shares of AZEK from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Citigroup restated a "neutral" rating and issued a $51.50 price objective (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AZEK presently has a consensus rating of "Hold" and an average target price of $53.93.
Read Our Latest Stock Report on AZEK
AZEK Stock Up 1.6%
The company's 50-day moving average is $48.82 and its 200 day moving average is $48.71. The company has a market capitalization of $7.57 billion, a PE ratio of 53.16, a P/E/G ratio of 1.91 and a beta of 1.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56.
AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $452.23 million for the quarter, compared to the consensus estimate of $444.75 million. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. As a group, analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current year.
Insider Activity
In other news, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $51.40, for a total transaction of $1,028,000.00. Following the sale, the chief executive officer now owns 852,765 shares of the company's stock, valued at $43,832,121. This trade represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.20% of the company's stock.
Hedge Funds Weigh In On AZEK
Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of AZEK by 94.2% in the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock worth $85,000 after buying an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of AZEK by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock worth $55,519,000 after buying an additional 24,249 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of AZEK in the fourth quarter worth approximately $717,000. Raymond James Financial Inc. purchased a new position in shares of AZEK in the fourth quarter worth approximately $19,436,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of AZEK by 6.1% in the fourth quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company's stock worth $620,000 after buying an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.
AZEK Company Profile
(
Get Free Report)
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.
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