The AZEK Company: More Upside Possible [Seeking Alpha]
The AZEK Company Inc. Class A (AZEK)
Company Research
Source: Seeking Alpha
The company's margin is expected to continue growing due to volume growth and improved efficiencies. Promising margin prospects make this stock a decent buy at the current valuation. The Thesis The AZEK Company ( NYSE: AZEK ) experienced robust growth in the decking business during the quarter. Sell-through growth was also strong, which benefited the company's topline. I believe this growth to continue further in FY24 benefiting the company's revenue in the near term. The long term also looks good due to anticipated benefits from strategic initiatives including new product development and shelf space share gains, strong market position of the company in the Decking side, and secular tailwinds in the residential R&R market, as approximately 95% of decking sales are related to R&R. The margin also looks good on expected volume growth in the coming quarter and improved efficiencies. In my opinion, the expected growth in the company's margin should continue to drive the stock pri
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AZEK
News
- The AZEK Company (AZEK) Increases Yet Falls Behind Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Down -9.62% in 4 Weeks, Here's Why The AZEK Company (AZEK) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- The AZEK Company Inc. (NYSE: AZEK) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $55.00 price target on the stock.MarketBeat
- TimberTech® Composite Decking Recognized by Industry and Design Professionals for Performance, Innovation and SustainabilityBusiness Wire
- The AZEK® Company Inc. Announces Fiscal Second Quarter 2024 Earnings Release and Investor Conference Call on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
AZEK
Earnings
- 2/6/24 - Beat
AZEK
Sec Filings
- 4/12/24 - Form 4
- 4/10/24 - Form 144
- 4/2/24 - Form 4
- AZEK's page on the SEC website