AZEK Company Inc (NYSE: AZEK) is 19.37% higher on its value in year-to-date trading and has touched a low of $25.03 and a high of $50.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AZEK stock was last observed hovering at around $46.75 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $45.66, the stock is 5.42% and 6.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -2.33% at the moment leaves the stock 4.63% off its SMA200. AZEK registered 50.20% gain for a year compared to 6-month loss of -7.87%. The firm has a 50-day simple moving average (SMA 50) of $42.759 and a 200-day simple moving average (SMA200) of $43.69465.
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The stock witnessed a 4.97% gain in the last 1 month and extending the period to 3 months gives it a 9.26%, and is 1.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 2.58% over the month.
AZEK Company Inc (AZEK) has around 2236 employees, a market worth around $6.61B and $1.48B in sales. Current P/E ratio is 41.09 and Fwd P/E is 33.09. Profit margin for the company is 11.08%. Distance from 52-week low is 82.42% and -10.08% from its 52-week high. The company has generated returns on investments over the last 12 months (7.95%).
AZEK Company Inc quarterly earnings per share for the current quarter are estimated at 0.27 with sales reaching $340.27M over the same period.The EPS is expected to grow by 59.71% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to shrink -12.50% in year-over-year returns.
518.0 institutions hold shares in AZEK Company Inc (AZEK), with institutional investors hold 107.86% of the company’s shares. The shares outstanding are 147.70M, and float is at 141.77M with Short Float at 4.29%. Institutions hold 106.03% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.31 million shares valued at $602.8 million. The investor’s holdings represent 9.8196 of the AZEK Shares outstanding. As of 2024-06-30, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 10.63 million shares valued at $447.78 million to account for 7.2943 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 8.64 million shares representing 5.9293 and valued at over $363.99 million, while MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds 4.2969 of the shares totaling 6.26 million with a market value of $263.78 million.
AZEK Company Inc (AZEK) Insider Activity
The most recent transaction is an insider sale by Skelly Jonathan, the company’s Pres. Res. & Comm. SEC filings show that Skelly Jonathan sold 19,022 shares of the company’s common stock on Aug 16 ’24 at a price of $41.15 per share for a total of $0.78 million. Following the sale, the insider now owns 0.19 million shares.
AZEK Company Inc disclosed in a document filed with the SEC on Aug 15 ’24 that Singh Jesse G (CEO and President) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $41.47 per share for $0.83 million. Following the transaction, the insider now directly holds 0.19 million shares of the AZEK stock.
Still, SEC filings show that on Aug 15 ’24, Edwards Pamela J (Director) acquired 600 shares at an average price of $41.70 for $25020.0. The insider now directly holds 8,708 shares of AZEK Company Inc (AZEK).
