The AZEK Company Inc. (NYSE:AZEK) Receives Consensus Recommendation of "Hold" from Brokerages

The AZEK Company Inc. (NYSE:AZEK - Get Free Report) has received a consensus recommendation of "Hold" from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.93.

A number of research firms have recently issued reports on AZEK. Loop Capital cut their price target on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. William Blair restated a "market perform" rating on shares of AZEK in a report on Monday, March 24th. UBS Group dropped their price objective on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird upped their price objective on shares of AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Raymond James Financial set a $51.50 price objective on shares of AZEK in a research note on Tuesday, March 25th.

AZEK Stock Performance

AZEK stock remained flat at $54.35 on Friday. AZEK has a one year low of $35.48 and a one year high of $54.91. The stock has a market capitalization of $7.82 billion, a P/E ratio of 53.28 and a beta of 1.82. The company has a 50 day simple moving average of $51.83 and a two-hundred day simple moving average of $48.99. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.

AZEK (NYSE:AZEK - Get Free Report) last released 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. AZEK had a net margin of 9.92% and a return on equity of 13.87%. The business had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that AZEK will post 1.34 EPS for the current year.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 852,765 shares in the company, valued at approximately $43,832,121. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Paladin Wealth LLC grew its stake in AZEK by 1.6% in the 2nd quarter. Paladin Wealth LLC now owns 15,827 shares of the company's stock valued at $860,000 after buying an additional 253 shares during the last quarter. Kera Capital Partners Inc. grew its stake in AZEK by 12.2% in the 2nd quarter. Kera Capital Partners Inc. now owns 6,364 shares of the company's stock valued at $346,000 after buying an additional 691 shares during the last quarter. Voya Investment Management LLC grew its position in AZEK by 1,360.0% in the 1st quarter. Voya Investment Management LLC now owns 729,361 shares of the company's stock worth $35,658,000 after purchasing an additional 679,405 shares during the last quarter. DLD Asset Management LP acquired a new stake in AZEK in the 1st quarter worth $705,000. Finally, Rhumbline Advisers grew its position in AZEK by 7.8% in the 1st quarter. Rhumbline Advisers now owns 170,266 shares of the company's stock worth $8,324,000 after purchasing an additional 12,266 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.