How have AZEK shares performed this year?

AZEK's stock was trading at $38.25 on January 1st, 2024. Since then, AZEK stock has increased by 14.1% and is now trading at $43.64. View the best growth stocks for 2024 here .

How were AZEK's earnings last quarter?

The AZEK Company Inc. (NYSE:AZEK) announced its earnings results on Wednesday, August, 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The business's revenue was up 12.1% on a year-over-year basis.

How will AZEK's stock buyback program work?

AZEK's Board of Directors authorized a stock repurchase program on Monday, June 17th 2024, which permits the company to repurchase $600,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

AZEK (AZEK) raised $626 million in an IPO on Friday, June 12th 2020. The company issued 31,300,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Securities, Goldman Sachs and Jefferies served as the underwriters for the IPO and Citigroup, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, B. Riley FBR, Baird, Stephens, Stifel, SunTrust Robinson Humphrey and William Blair were co-managers.

Who are AZEK's major shareholders?

AZEK's top institutional investors include Artemis Investment Management LLP (0.32%), Handelsbanken Fonder AB (0.03%), SG Americas Securities LLC (0.02%) and Green Alpha Advisors LLC (0.01%). Insiders that own company stock include Corporate Opportunities F Ares, Teachers Pension Plan Ontario, Scott Vanwinter , Jonathan Skelly , Jesse G Singh, Vernon J Nagel , Michelle A Kasson , Pamela J Edwards , Joe Ochoa , Sandra Lamartine , Peter G Clifford and Paul J Kardish . View institutional ownership trends .

How do I buy shares of AZEK?

Shares of AZEK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

What other stocks do shareholders of AZEK own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AZEK investors own include GrowGeneration (GRWG) , Nikola (NKLA) , Alexion Pharmaceuticals (ALXN) , Ally Financial (ALLY) , Allogene Therapeutics (ALLO) , Alaska Air Group (ALK) and AAR (AIR) .

NYSE:AZEK

AZEK (AZEK) Stock Price, News & Analysis

$43.64

+0.11 (+0.25%)

(As of 10/8/2024 ET)

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About AZEK Stock (NYSE:AZEK)

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Key Stats

Today's Range: $43.22
▼
$44.04
50-Day Range: $36.83
▼
$46.90
52-Week Range: $25.03
▼
$50.78
Volume: 1.34 million shs
Average Volume: 1.75 million shs
Market Capitalization: $6.35 billion
P/E Ratio: 42.78
Dividend Yield: N/A
Price Target: $47.94
Consensus Rating: Moderate Buy

Company Overview

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. The Commercial segment offers bathroom partitions, shower and dressing stalls, lockers and other storage solutions, and engineered plastic sheet products under the Aria, Eclipse, Hiny Hiders, TuffTec, and Duralife brands. This segment also offers bathroom partitions, shower and dressing stalls, lockers, storage solutions, extruded plastic sheet, and non-fabricated products under the Aria, Eclipse, Hiny Hiders, TuffTec, and Duralife brands. The company was formerly known as Delaware corporation and changed its name to The AZEK Company Inc. in June 2020. The AZEK Company Inc. was incorporated in 2013 and is headquartered in Chicago, Illinois.

AZEK Stock Analysis - MarketRank™

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69th Percentile Overall Score

AZEK MarketRank™:

AZEK scored higher than 69% of companies evaluated by MarketBeat, and ranked 36th out of 104 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Consensus Rating
AZEK has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 11 buy ratings, 6 hold ratings, and no sell ratings.
Amount of Analyst Coverage
AZEK has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about AZEK's stock forecast and price target.

Earnings Growth
Earnings for AZEK are expected to grow by 22.86% in the coming year, from $1.05 to $1.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AZEK is 42.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of AZEK is 42.78, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 24.94.
Price to Earnings Growth Ratio
AZEK has a PEG Ratio of 1.43. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
AZEK has a P/B Ratio of 4.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about AZEK's valuation and earnings.

Percentage of Shares Shorted
4.29% of the float of AZEK has been sold short.
Short Interest Ratio / Days to Cover
AZEK has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AZEK has recently decreased by 4.40%, indicating that investor sentiment is improving.

Dividend Yield
AZEK does not currently pay a dividend.
Dividend Growth
AZEK does not have a long track record of dividend growth.

Percentage of Shares Shorted
4.29% of the float of AZEK has been sold short.
Short Interest Ratio / Days to Cover
AZEK has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AZEK has recently decreased by 4.40%, indicating that investor sentiment is improving.

News Sentiment
AZEK has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for AZEK this week, compared to 7 articles on an average week.
MarketBeat Follows
Only 1 people have added AZEK to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Insider Buying vs. Insider Selling
In the past three months, AZEK insiders have sold 5,384.21% more of their company's stock than they have bought. Specifically, they have bought $25,020.00 in company stock and sold $1,372,150.00 in company stock.
Percentage Held by Insiders
Only 3.10% of the stock of AZEK is held by insiders.
Percentage Held by Institutions
97.44% of the stock of AZEK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about AZEK's insider trading history.

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AZEK Stock News Headlines

AZEK Shares Cross Below 200 DMA

October 6 at 4:19 PM | nasdaq.com

AZEK Co (NYSE:AZEK) Stock Quotes, Forecast and News Summary

October 6 at 11:15 AM | benzinga.com

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AZEK (NYSE:AZEK) Stock Price Down 3.3% - Should You Sell?

October 6 at 4:59 AM | americanbankingnews.com

Loop Capital Downgrades AZEK (AZEK)

October 5 at 1:07 PM | msn.com

AZEK (NYSE:AZEK) Downgraded by Loop Capital to Hold

October 5 at 9:51 AM | americanbankingnews.com

Stocks Rally as a Strong US Jobs Report Bolsters Soft-Landing Prospects

October 5 at 3:06 AM | theglobeandmail.com

Stocks Supported as US Payroll Report Underscores Economic Strength

October 4, 2024 | msn.com

See More Headlines

AZEK Stock Analysis - Frequently Asked Questions

: AZEK's stock was trading at $38.25 on January 1st, 2024. Since then, AZEK stock has increased by 14.1% and is now trading at $43.64.
View the best growth stocks for 2024 here.
: The AZEK Company Inc. (NYSE:AZEK) announced its earnings results on Wednesday, August, 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The business's revenue was up 12.1% on a year-over-year basis.
: AZEK's Board of Directors authorized a stock repurchase program on Monday, June 17th 2024, which permits the company to repurchase $600,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
: AZEK (AZEK) raised $626 million in an IPO on Friday, June 12th 2020. The company issued 31,300,000 shares at a price of $19.00-$21.00 per share. Barclays, BofA Securities, Goldman Sachs and Jefferies served as the underwriters for the IPO and Citigroup, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, B. Riley FBR, Baird, Stephens, Stifel, SunTrust Robinson Humphrey and William Blair were co-managers.
: AZEK's top institutional investors include Artemis Investment Management LLP (0.32%), Handelsbanken Fonder AB (0.03%), SG Americas Securities LLC (0.02%) and Green Alpha Advisors LLC (0.01%). Insiders that own company stock include Corporate Opportunities F Ares, Teachers Pension Plan Ontario, Scott Vanwinter, Jonathan Skelly, Jesse G Singh, Vernon J Nagel, Michelle A Kasson, Pamela J Edwards, Joe Ochoa, Sandra Lamartine, Peter G Clifford and Paul J Kardish.
View institutional ownership trends.
: Shares of AZEK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
: Based on aggregate information from My MarketBeat watchlists, some other companies that AZEK investors own include GrowGeneration (GRWG), Nikola (NKLA), Alexion Pharmaceuticals (ALXN), Ally Financial (ALLY), Allogene Therapeutics (ALLO), Alaska Air Group (ALK) and AAR (AIR).

Company Calendar

Last Earnings: 8/07/2024
Today: 10/08/2024
Next Earnings (Estimated): 11/26/2024
Fiscal Year End: 9/30/2025

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Plastics products, not elsewhere classified
Sub-Industry: Rubber And Plastic Products
Current Symbol: NYSE:AZEK
CUSIP: N/A
CIK: 1782754
Web: azekco.com
Phone: 877-275-2935
Fax: N/A
Employees: 2,236
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $47.94
High Stock Price Target: $58.00
Low Stock Price Target: $37.00
Potential Upside/Downside: +9.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.65
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.02
Trailing P/E Ratio: 42.78
Forward P/E Ratio: 41.56
P/E Growth: 1.43
Net Income: $62.36 million
Net Margins: 11.35%
Pretax Margin: 15.28%
Return on Equity: 13.38%
Return on Assets: 8.00%

Debt

Debt-to-Equity Ratio: 0.41
Current Ratio: 3.07
Quick Ratio: 2.11

Sales & Book Value

Annual Sales: $1.48 billion
Price / Sales: 4.28
Cash Flow: $1.54 per share
Price / Cash Flow: 28.40
Book Value: $9.55 per share
Price / Book: 4.57

Miscellaneous

Outstanding Shares: 145,519,000
Free Float: 141,008,000
Market Cap: $6.35 billion
Optionable: Optionable
Beta: 1.88

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This page (NYSE:AZEK) was last updated on 10/8/2024 by MarketBeat.com Staff

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