HD - The AZEK Company: 3 Concerns To Monitor

2024-06-05 16:33:28 ET

Summary

• The AZEK Company Inc. stock has risen 80% since October, and the company is now focused on faster growing markets.
• The company manufactures and supplies building products primarily in the decking, railing, trim, and siding sectors.
• Analysts are optimistic about the company's prospects, but insider selling has picked up recently, and the stock has a high P/E valuation.
• Which way does The AZEK Company stock move from here?  An analysis follows in the paragraphs below.

Today, we put The AZEK Company Inc. ( AZEK ) in the spotlight. The stock of this building product supplier has moved up some 80% from its lows in late October, when the summer swoon for the overall market bottomed. However, real estate continues to face considerable headwinds, thanks largely to high interest rates. There also has been a notable pickup recently of insider selling. Can the equity rally further, or is it time to take some profits off the table? An analysis follows below....

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