AZEK (NYSE:AZEK) Rating Reiterated by Truist Financial

AZEK (NYSE:AZEK)‘s stock had its “buy” rating reiterated by analysts at Truist Financial in a report issued on Tuesday, Benzinga reports. They presently have a $57.00 price target on the stock. Truist Financial’s price objective indicates a potential upside of 21.82% from the stock’s current price.

Several other research firms have also commented on AZEK. Benchmark assumed coverage on AZEK in a research report on Friday, April 19th. They issued a “buy” rating and a $55.00 price objective on the stock. Barclays lifted their target price on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Citigroup lifted their target price on AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Robert W. Baird dropped their target price on AZEK from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.33.

AZEK Trading Up 0.3 %

NYSE:AZEK opened at $46.79 on Tuesday. The business’s 50-day moving average is $46.28 and its two-hundred day moving average is $43.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.99 and a quick ratio of 1.67. AZEK has a 12 month low of $25.03 and a 12 month high of $50.78. The firm has a market capitalization of $6.91 billion, a PE ratio of 45.87, a price-to-earnings-growth ratio of 1.46 and a beta of 1.91.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $45.97, for a total value of $597,610.00. Following the completion of the transaction, the chief executive officer now directly owns 1,070,444 shares in the company, valued at $49,208,310.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $45.97, for a total value of $597,610.00. Following the completion of the transaction, the chief executive officer now directly owns 1,070,444 shares in the company, valued at $49,208,310.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Skelly sold 12,000 shares of AZEK stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $46.72, for a total value of $560,640.00. Following the completion of the transaction, the insider now owns 190,134 shares of the company’s stock, valued at $8,883,060.48. The disclosure for this sale can be found here. Insiders sold a total of 38,000 shares of company stock worth $1,786,150 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On AZEK

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its position in shares of AZEK by 45.9% during the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock worth $28,000 after buying an additional 229 shares during the period. ORG Partners LLC acquired a new stake in AZEK in the first quarter worth approximately $35,000. Venturi Wealth Management LLC lifted its position in AZEK by 58.9% in the first quarter. Venturi Wealth Management LLC now owns 707 shares of the company’s stock worth $36,000 after purchasing an additional 262 shares during the period. Whittier Trust Co. acquired a new stake in AZEK in the first quarter worth approximately $37,000. Finally, Principal Securities Inc. acquired a new stake in AZEK in the fourth quarter worth approximately $44,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.