Long Position on AZEK @ $49.00 on 5/11/2021 (Fundamentals)

The AZEK Company Inc. (AZEK) engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States.

Trading Channel on $ AZEKThe operates in two segments, Residential and Commercial. Its products include trims, decks, porches, moldings, railings, pavers, and bathroom and locker systems, as well as extruded plastic sheet products and other non-fabricated products for special applications in industrial markets.

The AZEK Company Inc. offers its products under the brand names of Celtec, Playboard, Seaboard, Flametec, Designboard, Cortec, Sanatec, Scranton Products, Aria Partitions, Eclipse Partitions, Hiny Hiders, Tufftec Lockers, and Duralife Lockers.

The company was formerly known as CPG Newco LLC and changed its name to The AZEK Company Inc. in June 2020.

Please note, this stock reports earnings on Thursday, May 13th.

As the industry-leading manufacturer of sustainable, outdoor furniture, the company released its annual Environmental, Social, and Government report signaling strong earnings ahead. The report, published in alignment with the Sustainability Accounting Standards Board (SASB) reporting framework, includes both a retrospective view of AZEK’s recent environmental and social performance, as well as an ambitious outlook for the future.

Entry Point: $49.00

Trading Range: $26.35 - $51.32

Stop Loss: $46.55

Target Price: $54.00

 

Position closed on 12/2/2021 at price of $46.50 with a -5.10% loss in 205 days.

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