The AZEK Company Inc. (NYSE:AZEK) CEO Sells $1,056,250.00 in Stock

The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $42.25, for a total transaction of $1,056,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jesse G. Singh also recently made the following trade(s):

  • On Thursday, June 10th, Jesse G. Singh sold 4,786 shares of The AZEK stock. The shares were sold at an average price of $42.00, for a total transaction of $201,012.00.
  • On Wednesday, May 5th, Jesse G. Singh sold 20,000 shares of The AZEK stock. The shares were sold at an average price of $50.64, for a total transaction of $1,012,800.00.
  • On Monday, May 3rd, Jesse G. Singh sold 55,000 shares of The AZEK stock. The shares were sold at an average price of $49.27, for a total transaction of $2,709,850.00.
  • On Friday, April 16th, Jesse G. Singh sold 18,000 shares of The AZEK stock. The shares were sold at an average price of $47.95, for a total transaction of $863,100.00.
  • On Tuesday, April 13th, Jesse G. Singh sold 2,000 shares of The AZEK stock. The shares were sold at an average price of $47.92, for a total transaction of $95,840.00.

Shares of NYSE AZEK opened at $41.78 on Friday. The AZEK Company Inc. has a one year low of $26.35 and a one year high of $51.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.63 and a quick ratio of 2.31. The company’s 50 day simple moving average is $45.76. The company has a market capitalization of $6.47 billion and a PE ratio of -63.30.

The AZEK (NYSE:AZEK) last issued its quarterly earnings results on Wednesday, May 12th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The AZEK had a negative net margin of 8.42% and a positive return on equity of 8.82%. The business had revenue of $293.10 million for the quarter, compared to analysts’ expectations of $281.82 million. The firm’s revenue was up 19.3% compared to the same quarter last year. Sell-side analysts forecast that The AZEK Company Inc. will post 0.92 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Clearbridge Investments LLC grew its position in The AZEK by 1.4% during the first quarter. Clearbridge Investments LLC now owns 27,344 shares of the company’s stock valued at $1,150,000 after acquiring an additional 368 shares during the last quarter. American International Group Inc. grew its holdings in shares of The AZEK by 74.0% in the fourth quarter. American International Group Inc. now owns 1,058 shares of the company’s stock worth $41,000 after purchasing an additional 450 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of The AZEK by 10.1% in the first quarter. Great West Life Assurance Co. Can now owns 5,628 shares of the company’s stock worth $235,000 after purchasing an additional 516 shares during the last quarter. CWM LLC grew its holdings in shares of The AZEK by 1,571.4% in the first quarter. CWM LLC now owns 585 shares of the company’s stock worth $25,000 after purchasing an additional 550 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of The AZEK by 48.2% in the first quarter. US Bancorp DE now owns 1,845 shares of the company’s stock worth $78,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 94.61% of the company’s stock.

AZEK has been the topic of several recent research reports. Loop Capital initiated coverage on shares of The AZEK in a report on Thursday, April 8th. They set a “buy” rating and a $52.00 price objective on the stock. B. Riley increased their price target on shares of The AZEK from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Wedbush started coverage on shares of The AZEK in a report on Monday, April 19th. They issued an “outperform” rating and a $52.00 price target on the stock. Barclays increased their price target on shares of The AZEK from $51.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 8th. Finally, JPMorgan Chase & Co. started coverage on shares of The AZEK in a report on Wednesday, May 5th. They issued a “neutral” rating and a $53.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The AZEK presently has an average rating of “Buy” and a consensus target price of $44.47.

About The AZEK

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential and commercial markets in the United States. The company operates through Residential and Commercial segments. Its products include decks, rails, trims, accessories, and specialty exteriors; and partitions, lockers, and polymer solutions.

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Insider Buying and Selling by Quarter for The AZEK (NYSE:AZEK)

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