The AZEK Company Inc. (NYSE:AZEK) CFO Ralph J. Nicoletti sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 6th. The shares were sold at an average price of $44.39, for a total value of $665,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NYSE:AZEK opened at $44.65 on Thursday. The stock has a market capitalization of $6.91 billion and a price-to-earnings ratio of 75.68. The AZEK Company Inc. has a 52 week low of $26.35 and a 52 week high of $48.79. The company has a quick ratio of 2.38, a current ratio of 3.42 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $44.19 and a 200 day moving average of $39.40.

The AZEK (NYSE:AZEK) last issued its quarterly earnings results on Wednesday, February 10th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $212.28 million for the quarter, compared to analyst estimates of $211.60 million. As a group, analysts expect that The AZEK Company Inc. will post 0.77 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp purchased a new position in The AZEK during the third quarter valued at approximately $11,357,000. US Bancorp DE increased its holdings in shares of The AZEK by 41.5% during the 3rd quarter. US Bancorp DE now owns 1,245 shares of the company’s stock valued at $43,000 after purchasing an additional 365 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of The AZEK in the 3rd quarter valued at $6,651,000. UBS Asset Management Americas Inc. boosted its holdings in The AZEK by 1.6% during the third quarter. UBS Asset Management Americas Inc. now owns 101,584 shares of the company’s stock worth $3,536,000 after buying an additional 1,584 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new stake in The AZEK during the third quarter valued at $16,368,000. Hedge funds and other institutional investors own 94.35% of the company’s stock.

Several brokerages have commented on AZEK. Citigroup upped their price objective on The AZEK from $42.00 to $47.00 in a research report on Friday, February 12th. Royal Bank of Canada upped their price target on shares of The AZEK from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, January 26th. BMO Capital Markets assumed coverage on shares of The AZEK in a report on Wednesday, January 13th. They set an “outperform” rating and a $48.00 price objective for the company. B. Riley boosted their price objective on shares of The AZEK from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, February 12th. Finally, Barclays raised their target price on shares of The AZEK from $44.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, February 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $42.06.

About The AZEK

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. The operates in two segments, Residential and Commercial. Its products include trims, decks, porches, moldings, railings, pavers, and bathroom and locker systems, as well as extruded plastic sheet products and other non-fabricated products for special applications in industrial markets.

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