Insider Selling: The AZEK Company Inc. (NYSE:AZEK) CMO Sells 1,709 Shares of Stock

The AZEK Company Inc. (NYSE:AZEK) CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at approximately $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

AZEK Stock Performance

Shares of NYSE:AZEK traded down $0.42 during trading on Tuesday, hitting $52.74. 1,209,872 shares of the stock traded hands, compared to its average volume of 1,679,204. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $48.03 and a two-hundred day moving average price of $45.07. The AZEK Company Inc. has a 52-week low of $35.38 and a 52-week high of $54.91. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 2.40 and a beta of 1.92.

Analysts Set New Price Targets

Several analysts recently weighed in on AZEK shares. The Goldman Sachs Group lifted their price target on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. DA Davidson upped their target price on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. Finally, Barclays upped their price target on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.67.

Hedge Funds Weigh In On AZEK

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in AZEK by 69.8% in the 3rd quarter. Tidal Investments LLC now owns 10,587 shares of the company’s stock valued at $495,000 after buying an additional 4,352 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of AZEK by 97.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company’s stock valued at $572,000 after acquiring an additional 5,553 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of AZEK by 11.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 57,701 shares of the company’s stock valued at $2,700,000 after purchasing an additional 5,815 shares during the period. Geode Capital Management LLC increased its position in AZEK by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock worth $109,105,000 after purchasing an additional 12,644 shares during the last quarter. Finally, M&T Bank Corp raised its stake in AZEK by 140.5% during the third quarter. M&T Bank Corp now owns 14,473 shares of the company’s stock worth $677,000 after purchasing an additional 8,456 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.