Categories: Insider Trading News

Azek CEO Jesse Singh sells shares value $882,192


Following this sale, Singh maintains possession of 904,152 shares immediately. Moreover, Singh holds a number of oblique possession stakes by trusts, with holdings amounting to 750,000, 112,207, 9,476, 234,793, 186,705, and 100,000 shares, respectively. These transactions had been carried out beneath a pre-arranged buying and selling plan, as indicated within the submitting. The corporate demonstrates sturdy monetary well being with a present ratio of two.17 and average debt ranges, incomes a “GOOD” general monetary well being rating from InvestingPro, which provides 12 further funding ideas and a complete Professional Analysis Report for deeper evaluation. The corporate demonstrates sturdy monetary well being with a present ratio of two.17 and average debt ranges, incomes a “GOOD” general monetary well being rating from InvestingPro, which provides 12 further funding ideas and a complete Professional Analysis Report for deeper evaluation.

Following this sale, Singh maintains possession of 904,152 shares immediately. Moreover, Singh holds a number of oblique possession stakes by trusts, with holdings amounting to 750,000, 112,207, 9,476, 234,793, 186,705, and 100,000 shares, respectively. These transactions had been carried out beneath a pre-arranged buying and selling plan, as indicated within the submitting.

In different current information, Put in Constructing Merchandise (NYSE:IBP) acquired Capital Insulation, LLC and CBS & Mirror, LLC, including over $12 million of annual income. IBP additionally reported a file web income of $761 million in Q3 2024. Nevertheless, Seaport International Securities downgraded IBP’s inventory from Purchase to Impartial.

In the meantime, HLMN was named a High Choose by Benchmark for FY25, and Azek Co. has seen a sequence of serious developments. Azek’s fiscal fourth-quarter earnings exceeded estimates, and the corporate secured an $815 million credit score facility from Wells Fargo (NYSE:WFC) Securities and JPMorgan Chase (NYSE:JPM) Financial institution. Citi analyst Anthony Pettinari upgraded Azek’s inventory ranking from Impartial to Purchase, rising the worth goal to $60.

Azek Co. additionally revised its govt severance plan, aligning it with trade requirements. This transfer was well-received by the chief group, together with CEO Jesse Singh. These are the current developments for these corporations, as reported by analysts from varied corporations together with RBC Capital Markets, BMO Capital Markets, and Benchmark.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.

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