AZEK (NYSE:AZEK) Given New $58.00 Price Target at Robert W. Baird

AZEK (NYSE:AZEK - Get Free Report) had its price objective decreased by equities researchers at Robert W. Baird from $60.00 to $58.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's target price suggests a potential upside of 27.92% from the company's previous close.

A number of other analysts have also recently issued reports on the company. BMO Capital Markets increased their price objective on AZEK from $39.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Stifel Nicolaus increased their price objective on AZEK from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Truist Financial increased their price objective on AZEK from $40.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Citigroup increased their price objective on AZEK from $46.00 to $50.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Finally, Royal Bank of Canada raised their price target on AZEK from $43.00 to $49.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $44.83.

AZEK Stock Performance

NYSE:AZEK traded up $0.42 during trading on Thursday, reaching $45.34. The company's stock had a trading volume of 3,577,776 shares, compared to its average volume of 1,543,938. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 56.85, a price-to-earnings-growth ratio of 1.50 and a beta of 1.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 2.99. The firm has a 50 day moving average of $47.78 and a 200-day moving average of $40.28. AZEK has a 12 month low of $23.08 and a 12 month high of $50.78.

AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. AZEK had a return on equity of 9.61% and a net margin of 8.57%. The firm had revenue of $240.44 million during the quarter, compared to the consensus estimate of $234.12 million. Research analysts expect that AZEK will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total value of $627,900.00. Following the completion of the sale, the chief executive officer now owns 1,083,444 shares in the company, valued at approximately $52,330,345.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total value of $627,900.00. Following the completion of the sale, the chief executive officer now owns 1,083,444 shares in the company, valued at approximately $52,330,345.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan Skelly sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $46.78, for a total value of $467,800.00. Following the completion of the sale, the insider now owns 180,784 shares of the company's stock, valued at approximately $8,457,075.52. The disclosure for this sale can be found here. Insiders have sold a total of 130,431 shares of company stock worth $6,356,622 in the last ninety days. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AZEK. Redwood Investments LLC bought a new stake in shares of AZEK in the 4th quarter worth $2,893,000. Lecap Asset Management Ltd. bought a new stake in shares of AZEK in the fourth quarter worth $1,134,000. Sherbrooke Park Advisers LLC grew its holdings in shares of AZEK by 62.8% in the third quarter. Sherbrooke Park Advisers LLC now owns 42,923 shares of the company's stock worth $1,277,000 after acquiring an additional 16,565 shares during the period. Vanguard Group Inc. grew its holdings in shares of AZEK by 7.3% in the third quarter. Vanguard Group Inc. now owns 13,012,414 shares of the company's stock worth $386,989,000 after acquiring an additional 881,697 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of AZEK in the third quarter worth $1,731,000. Hedge funds and other institutional investors own 97.44% of the company's stock.

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.