Penny Stocks – Insider Selling: The AZEK Company Inc. (NYSE:AZEK) CEO Sells 20,000 Shares of Stock
The AZEK Company Inc. (NYSE:AZEK) CEO Jesse G. Singh sold 20,000 shares of The AZEK stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $50.64, for a total value of $1,012,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jesse G. Singh also recently made the following trade(s):
- 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 stock was 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.
AZEK stock traded up $1.40 during midday trading on Friday, reaching $50.24. 715,567 shares of the company’s stock traded hands, compared to its average volume of 1,010,095. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.42 and a quick ratio of 2.38. The AZEK Company Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $51.32. The business has a 50-day moving average price of $46.05 and a two-hundred day moving average price of $41.38. The company has a market capitalization of $7.77 billion and a P/E ratio of 82.78.
The AZEK (NYSE:AZEK) last issued its quarterly earnings data on Wednesday, February 10th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The company had revenue of $212.28 million for the quarter, compared to analyst estimates of $211.60 million. As a group, research analysts forecast that The AZEK Company Inc. will post 0.77 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. CWM LLC grew its stake in shares of The AZEK by 1,571.4% during the first quarter. CWM LLC now owns 585 shares of the company’s stock valued at $25,000 after acquiring an additional 550 shares in the last quarter. CENTRAL TRUST Co purchased a new position in The AZEK in the fourth quarter valued at about $26,000. Signaturefd LLC purchased a new position in The AZEK in the fourth quarter valued at about $27,000. Allred Capital Management LLC acquired a new stake in The AZEK during the 1st quarter valued at approximately $30,000. Finally, American International Group Inc. raised its position in shares of The AZEK by 74.0% in the 4th quarter. American International Group Inc. now owns 1,058 shares of the company’s stock valued at $41,000 after purchasing an additional 450 shares in the last quarter. 94.35% of the stock is owned by institutional investors.
AZEK has been the subject of several research analyst reports. Loop Capital assumed coverage on The AZEK in a research note on Wednesday, April 14th. They issued a “buy” rating and a $52.00 price objective for the company. Citigroup boosted their price objective on shares of The AZEK from $42.00 to $47.00 in a research report on Friday, February 12th. Royal Bank of Canada lifted their target price on shares of The AZEK from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 26th. Barclays increased their price target on shares of The AZEK from $51.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, April 14th. Finally, Wedbush assumed coverage on The AZEK in a research report on Monday, April 19th. They set an “outperform” rating and a $52.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The AZEK currently has an average rating of “Buy” and a consensus target price of $43.89.
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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