The AZEK Company Inc. (NYSE:AZEK - Free Report) - Analysts at B. Riley raised their Q2 2024 EPS estimates for shares of AZEK in a research report issued to clients and investors on Tuesday, May 14th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings of $0.36 per share for the quarter, up from their prior estimate of $0.34. B. Riley currently has a "Buy" rating and a $50.00 price target on the stock. The consensus estimate for AZEK's current full-year earnings is $1.04 per share. B. Riley also issued estimates for AZEK's FY2024 earnings at $1.00 EPS.
AZEK has been the topic of several other reports. BMO Capital Markets upped their price objective on shares of AZEK from $39.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Robert W. Baird reduced their price objective on shares of AZEK from $60.00 to $58.00 and set an "outperform" rating for the company in a research note on Thursday, May 9th. Barclays boosted their target price on shares of AZEK from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Stephens raised their price target on AZEK from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. Finally, Truist Financial lifted their price target on AZEK from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.83.
Check Out Our Latest Report on AZEK
AZEK Stock Performance
Shares of AZEK traded up $2.63 during mid-day trading on Wednesday, hitting $48.29. The stock had a trading volume of 2,153,733 shares, compared to its average volume of 1,568,817. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.99 and a quick ratio of 1.67. The firm has a market cap of $7.13 billion, a P/E ratio of 61.13, a PEG ratio of 1.43 and a beta of 1.93. AZEK has a 52 week low of $23.08 and a 52 week high of $50.78. The business has a fifty day moving average price of $47.52 and a 200-day moving average price of $40.99.
Hedge Funds Weigh In On AZEK
A number of institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its position in shares of AZEK by 58.9% in the 1st quarter. Venturi Wealth Management LLC now owns 707 shares of the company's stock worth $36,000 after acquiring an additional 262 shares in the last quarter. ORG Partners LLC bought a new position in AZEK in the first quarter worth $35,000. Quadrant Capital Group LLC lifted its position in AZEK by 45.9% during the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company's stock valued at $28,000 after buying an additional 229 shares during the period. Whittier Trust Co. bought a new stake in shares of AZEK during the 1st quarter valued at $37,000. Finally, Principal Securities Inc. purchased a new stake in shares of AZEK in the 4th quarter worth about $44,000. 97.44% of the stock is owned by institutional investors.
Insider Buying and Selling
In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the company's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $45.97, for a total transaction of $597,610.00. Following the completion of the sale, the chief executive officer now directly owns 1,070,444 shares in the company, valued at $49,208,310.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Jesse G. Singh sold 13,000 shares of the business's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $45.97, for a total transaction of $597,610.00. Following the transaction, the chief executive officer now directly owns 1,070,444 shares of the company's stock, valued at $49,208,310.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle A. Kasson sold 94,431 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.47, for a total value of $4,671,501.57. Following the completion of the sale, the insider now directly owns 23,544 shares of the company's stock, valued at approximately $1,164,721.68. The disclosure for this sale can be found here. Insiders have sold a total of 130,431 shares of company stock worth $6,364,812 in the last 90 days. 3.10% of the stock is owned by company insiders.
AZEK Company Profile
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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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