The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in The AZEK Company Inc. (NYSE:AZEK) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,347 shares of the company’s stock after selling 5,725 shares during the quarter. Strs Ohio’s holdings in AZEK were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AZEK. Westfield Capital Management Co. LP boosted its position in shares of AZEK by 5,090.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,168,290 shares of the company’s stock worth $34,745,000 after purchasing an additional 1,145,780 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of AZEK by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,012,414 shares of the company’s stock worth $386,989,000 after purchasing an additional 881,697 shares in the last quarter. Invesco Ltd. boosted its position in shares of AZEK by 46.3% in the 3rd quarter. Invesco Ltd. now owns 2,697,856 shares of the company’s stock worth $80,234,000 after purchasing an additional 853,656 shares in the last quarter. FMR LLC raised its stake in AZEK by 54.2% in the 3rd quarter. FMR LLC now owns 2,348,478 shares of the company’s stock worth $69,844,000 after acquiring an additional 825,683 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in AZEK by 131.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,250,000 shares of the company’s stock worth $37,175,000 after acquiring an additional 708,849 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Price Performance

NYSE:AZEK opened at $45.00 on Tuesday. The AZEK Company Inc. has a 52 week low of $23.08 and a 52 week high of $50.78. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.65 billion, a PE ratio of 56.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.92. The stock’s 50-day moving average price is $47.76 and its 200-day moving average price is $38.80.

AZEK (NYSE:AZEK) last posted its earnings results on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. AZEK had a return on equity of 9.61% and a net margin of 8.57%. The firm had revenue of $240.44 million for the quarter, compared to analysts’ expectations of $234.12 million. As a group, equities analysts expect that The AZEK Company Inc. will post 1.03 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total value of $627,900.00. Following the sale, the chief executive officer now directly owns 1,083,444 shares in the company, valued at approximately $52,330,345.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total value of $627,900.00. Following the sale, the chief executive officer now directly owns 1,083,444 shares in the company, valued at approximately $52,330,345.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michelle A. Kasson sold 94,431 shares of AZEK stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.47, for a total value of $4,671,501.57. Following the completion of the sale, the insider now owns 23,544 shares in the company, valued at $1,164,721.68. The disclosure for this sale can be found here. Insiders have sold 130,431 shares of company stock worth $6,356,622 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

AZEK has been the subject of a number of research analyst reports. Barclays raised their target price on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada raised their target price on AZEK from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. BMO Capital Markets raised their target price on AZEK from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Benchmark initiated coverage on AZEK in a research note on Friday. They issued a “buy” rating and a $55.00 target price for the company. Finally, Truist Financial raised their target price on AZEK from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, AZEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.11.

AZEK Company Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.