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Jesse G. Singh, CEO and President of AZEK Co Inc. (NYSE:AZEK), recently sold 20,000 shares of the company’s Class A Common Stock. The transaction, completed on June 10, amounted to a total value of approximately $1.09 million, with shares sold at a weighted average price of $54.43. The sale comes as AZEK trades near its 52-week high of $54.91, with the stock showing a strong 21% return over the past year. According to InvestingPro analysis, AZEK’s current valuation appears stretched, with multiple indicators suggesting overbought conditions. The company maintains a "GREAT" financial health score, despite trading at elevated multiples. Following this sale, Singh retains direct ownership of 832,765 shares. Additionally, he holds a significant number of shares indirectly through trust arrangements. Want deeper insights into insider trading patterns and comprehensive valuation metrics? InvestingPro offers exclusive access to 16+ additional key insights for AZEK, including detailed insider transaction analysis and Fair Value estimates.
In other recent news, The AZEK Company Inc. reported strong financial results for the second quarter of fiscal year 2025, surpassing earnings expectations with an adjusted earnings per share (EPS) of $0.45, compared to the forecasted $0.43. The company’s revenue also exceeded projections, reaching $452.2 million against a forecast of $445.72 million. Additionally, AZEK announced that its proposed merger with James Hardie (NYSE:JHX) Industries plc has advanced, with the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, a key condition for the merger’s progress. DA Davidson analyst Kurt Yinger responded to AZEK’s financial results by raising the company’s stock price target to $51 from $50, while maintaining a Neutral rating. The merger with James Hardie is expected to bring significant cost and sales synergies, enhancing AZEK’s strategic position. Meanwhile, RBC analysts have forecasted further declines in lumber and oriented strand board (OSB) prices, which could impact the broader market dynamics. These developments reflect AZEK’s ongoing strategic initiatives and market positioning.
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