AZEK (NYSE:AZEK) Shares Down 1.1% – Should You Sell?

The AZEK Company Inc. (NYSE:AZEK) shares fell 1.1% during mid-day trading on Wednesday . The stock traded as low as $53.15 and last traded at $53.15. 159,945 shares were traded during trading, a decline of 91% from the average session volume of 1,692,326 shares. The stock had previously closed at $53.73.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird upped their price objective on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. BMO Capital Markets increased their price objective on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Stifel Nicolaus decreased their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group decreased their price objective on AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.82.

AZEK Price Performance

The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 51.11, a P/E/G ratio of 2.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The business has a 50 day moving average price of $46.39 and a 200-day moving average price of $44.60.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock worth $355,000 after purchasing an additional 251 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of AZEK during the second quarter valued at approximately $523,000. CWM LLC increased its position in shares of AZEK by 24.4% during the second quarter. CWM LLC now owns 5,099 shares of the company’s stock valued at $215,000 after acquiring an additional 1,001 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of AZEK by 14.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,436 shares of the company’s stock valued at $440,000 after acquiring an additional 1,308 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of AZEK by 136.0% during the second quarter. Assenagon Asset Management S.A. now owns 635,244 shares of the company’s stock valued at $26,763,000 after acquiring an additional 366,025 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Company Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. 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.