Building materials company James Hardie Industries has agreed to buy AZEK, a manufacturer of outdoor living products, in a cash and stock deal worth $8.75 billion.
Fibre-cement maker James Hardie Industries said it would acquire U.S outdoor building products maker AZEK Company in a cash and stock deal worth $8.75 billion including debt, looking to boost growth with new offerings to homeowners.
The Zacks Building Products - Air Conditioner & Heating industry stocks like CARR, FIX and AZEK are likely to benefit from pro-environmental moves and technological development amid challenges.
Investors need to pay close attention to AZEK stock based on the movements in the options market lately.
The AZEK Company Inc. AZEK recently beat on earnings and raised full year guidance. This Zacks Rank #1 (Strong Buy) is expected to grow revenue 8.3% this year.
AZEK, EAT and PBI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 6, 2025.
The AZEK Company Inc. AZEK: This manufacturer and seller of building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% over the last 60 days.
The AZEK Company (AZEK) is well positioned to outperform the market, as it exhibits above-average growth in financials.
AZEK, PPC and PBI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on February 14, 2025.
The AZEK Company achieved 18.7% YoY topline growth in Q1 FY25, driven by a 22% increase in the Residential segment, despite commercial segment challenges. Continued healthy demand along with new product launches and expanded reach via distribution partnerships are expected to sustain topline growth in FY25. Benefit from strong residential sales and a focus on cost savings and efficiency improvement, expected to drive margin growth in the quarters ahead.
The AZEK Company (AZEK) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AZEK broke through the 50-day moving average, which suggests a short-term bullish trend.
Invest in stocks of EAT, BFST, AZEK, CLS and BSX to tap their high efficiency levels.