The AZEK Company Inc. (NYSE:AZEK) Receives Consensus Rating of "Hold" from Analysts

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $53.93.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of AZEK from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Loop Capital lowered their price objective on AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets lifted their target price on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research report on Monday, March 24th. Raymond James set a $51.50 price target on AZEK in a report on Tuesday, March 25th. Finally, Wolfe Research restated a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th.

AZEK Price Performance

Shares of AZEK opened at $51.19 on Friday. The firm has a market cap of $7.35 billion, a PE ratio of 51.71, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. AZEK has a 52-week low of $35.48 and a 52-week high of $54.91. The business's 50 day moving average price is $47.29 and its two-hundred day moving average price is $48.34. 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The firm had revenue of $452.23 million during the quarter, compared to the consensus estimate of $444.75 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that AZEK will post 1.34 EPS for the current year.

Insider Activity

In other news, CEO Jesse G. Singh sold 20,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $51.40, for a total value 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. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.20% of the company's stock.

Hedge Funds Weigh In On AZEK

A number of large investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in AZEK by 96.0% during the 3rd quarter. Barclays PLC now owns 191,588 shares of the company's stock worth $8,966,000 after purchasing an additional 93,819 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of AZEK by 40.8% during the fourth quarter. Artemis Investment Management LLP now owns 661,057 shares of the company's stock valued at $31,380,000 after buying an additional 191,453 shares during the period. Diversify Wealth Management LLC lifted its holdings in shares of AZEK by 44.8% in the fourth quarter. Diversify Wealth Management LLC now owns 14,976 shares of the company's stock worth $671,000 after buying an additional 4,637 shares in the last quarter. Gradient Investments LLC boosted its position in shares of AZEK by 834.9% in the fourth quarter. Gradient Investments LLC now owns 410,233 shares of the company's stock valued at $19,474,000 after acquiring an additional 366,352 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of AZEK by 94.2% in the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock valued at $85,000 after acquiring an additional 877 shares during the period. 97.44% of the stock is owned by institutional investors.

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.

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