Principal Financial Group Increases Stake in The AZEK Company, Propelling Young Firm to Analyst Expectations
May 31, 2023
🌥️Trending News
The AZEK ($NYSE:AZEK) Company Inc. is a leading building products manufacturer that specializes in low-maintenance, high-performance materials for outdoor living spaces. Recently, the Principal Financial Group, a global asset manager, announced that it has increased its stake in the company’s stock, propelling the young firm to surpass analyst expectations. The firm’s strategic investments have enabled the company to achieve new heights and provide more innovative and sustainable solutions to its customers.
The AZEK Company‘s impressive performance is a testament to its strong management team, who are committed to providing exceptional quality products and services to their customers. With the Principal Financial Group’s increased stake, The AZEK Company is proving itself to be a reliable and profitable investment for investors.
Price History
On Tuesday, The AZEK Company Inc. experienced a slight decrease in their stock price, with shares opening at $24.1 and closing at $23.7. This was a 0.7% drop from the previous closing price of $23.9. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Azek Company. More…
| Total Revenues | Net Income | Net Margin |
| 1.29k | 13.14 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Azek Company. More…
| Operations | Investing | Financing |
| 236.52 | -127.09 | -8.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Azek Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.38k | 948.9 | 9.35 |
Key Ratios Snapshot
Some of the financial key ratios for Azek Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | -7.3% | 4.2% |
| FCF Margin | ROE | ROA |
| 10.1% | 2.4% | 1.4% |
Analysis
At GoodWhale, we take a deep dive into the financials of companies to give investors an accurate risk rating. Our analysis of AZEK COMPANY has determined that it is a medium risk investment. We have identified three risk warnings in the company’s income sheet, balance sheet, and cash flow statement. If you are interested in learning more about these risks, become a registered user with us and access the detailed financial analysis. Our platform allows investors to make informed decisions that are tailored to their individual needs. GoodWhale offers trusted, reliable insights to ensure that you make smart investments. More…
Peers
The AZEK Co Inc competes with Louisiana-Pacific Corp, Byggma ASA, and Masco Corp in the market for wood-based building products. These companies all produce similar products, but AZEK has a competitive advantage in terms of product quality and customer service.
– Louisiana-Pacific Corp ($NYSE:LPX)
Louisiana-Pacific Corp is a publicly traded company with a market capitalization of $3.71 billion as of March 2022. The company has a return on equity of 63.05%. Louisiana-Pacific Corp is a leading manufacturer of building products and engineered wood products. The company’s products are used in a variety of applications, including residential construction, commercial construction, and industrial applications. Louisiana-Pacific Corp operates manufacturing facilities in the United States, Canada, and Chile.
– Byggma ASA ($LTS:0DVM)
Byggma ASA is a trusted provider of construction and building materials in Norway. The company has a market capitalization of 2.06 billion as of 2022 and a return on equity of 29.21%. Byggma ASA is committed to providing quality products and services to its customers, and its strong financial performance is a testament to its success. The company’s products and services are in high demand, and its customer base is growing. Byggma ASA is well-positioned to continue its growth and expansion in the Norwegian construction market.
– Masco Corp ($NYSE:MAS)
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our products include faucets, cabinets, windows, doors, plumbing fixtures, architectural hardware, lumber and other building materials. We operate more than 60 manufacturing facilities in the United States, Canada, Europe and Asia. Our products are sold under a variety of brand names including Delta®, Hansgrohe®, Brizo®, Axor®, InSinkErator®, KraftMaid®, Merillat®, QualityCabinets®, Masco Cabinetry®, Kichler®, Simonswerk® and many other regional brands. Our products are distributed through a variety of channels including home centers, mass merchants, Showrooms, International distributors, OEMs and other specialty retailers.
Summary
Principal Financial Group Inc. recently made a notable investment in The AZEK Company Inc., a firm that has outperformed analyst expectations. This move has increased the visibility of the company and generated much interest in the market. Analysts have praised the acquisition, stating it will lead to further growth and success for AZEK. Investors should consider the potential benefits of investing in AZEK given this recent news, as it could be a lucrative opportunity for those interested in profiting from a well-established and promising company.
Related Posts
Recent Posts
