AZEK (NYSE:AZEK – Free Report) had its price target upped by Credit Suisse Group from $27.00 to $33.00 in a research note issued to investors on Wednesday, Benzinga reports. Credit Suisse Group currently has a neutral rating on the stock.
Other analysts have also recently issued reports about the company. Loop Capital raised their price target on AZEK from $33.00 to $39.00 in a research note on Monday, July 17th. Truist Financial raised their price target on AZEK from $30.00 to $40.00 in a research note on Wednesday. Jefferies Financial Group raised their price target on AZEK from $31.00 to $37.00 and gave the company a buy rating in a research note on Thursday, July 13th. B. Riley raised their price target on AZEK from $30.00 to $42.00 and gave the company a buy rating in a research note on Thursday. Finally, Citigroup raised their price target on AZEK from $27.00 to $32.00 and gave the company a neutral rating in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $34.24.
Check Out Our Latest Research Report on AZEK
AZEK Trading Up 0.2 %
Insider Activity
In related news, Director Teachers Pension Plan Ontario sold 4,886,250 shares of AZEK stock in a transaction on Friday, June 9th. The shares were sold at an average price of $25.70, for a total value of $125,576,625.00. Following the completion of the sale, the director now owns 1,389,740 shares of the company’s stock, valued at approximately $35,716,318. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Corporate Opportunities F. Ares sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.36, for a total transaction of $170,520,000.00. Following the completion of the transaction, the director now owns 7,326,090 shares of the company’s stock, valued at $178,463,552.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Teachers Pension Plan Ontario sold 4,886,250 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $25.70, for a total transaction of $125,576,625.00. Following the completion of the sale, the director now directly owns 1,389,740 shares in the company, valued at approximately $35,716,318. The disclosure for this sale can be found here. Insiders have sold a total of 11,941,250 shares of company stock worth $297,485,625 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.
Institutional Trading of AZEK
Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of AZEK by 726.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after purchasing an additional 1,060 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of AZEK during the second quarter worth approximately $40,000. Covestor Ltd lifted its position in shares of AZEK by 1,441.8% during the first quarter. Covestor Ltd now owns 2,544 shares of the company’s stock worth $63,000 after purchasing an additional 2,379 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of AZEK during the first quarter worth approximately $85,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in AZEK by 5,176.6% in the first quarter. Harvest Fund Management Co. Ltd now owns 4,063 shares of the company’s stock valued at $96,000 after buying an additional 3,986 shares during the period.
About AZEK
The AZEK Company Inc engages in manufacturing and selling of building products for residential, commercial, and industrial markets in the United States. 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.
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