Stephens Investment Management Group LLC Sells 8,875 Shares of The AZEK Company Inc. (NYSE:AZEK)

Stephens Investment Management Group LLC decreased its holdings in shares of The AZEK Company Inc. (NYSE:AZEKFree Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 931,637 shares of the company’s stock after selling 8,875 shares during the quarter. Stephens Investment Management Group LLC owned 0.65% of AZEK worth $44,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC bought a new position in shares of AZEK during the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new position in AZEK during the third quarter worth about $31,000. Farther Finance Advisors LLC increased its position in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares during the last quarter. Paladin Wealth LLC bought a new position in AZEK in the 3rd quarter valued at $39,000. Finally, GAMMA Investing LLC boosted its holdings in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after buying an additional 239 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Truist Financial increased their target price on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price objective on shares of AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets increased their price objective on AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.85.

Read Our Latest Research Report on AZEK

Insider Activity

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $53.32, for a total value of $1,066,400.00. Following the completion of the transaction, the chief executive officer now directly owns 923,765 shares in the company, valued at $49,255,149.80. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the transaction, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at approximately $881,496. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock valued at $2,039,170 in the last 90 days. 3.20% of the stock is currently owned by insiders.

AZEK Stock Down 1.8 %

NYSE:AZEK opened at $50.11 on Friday. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a market capitalization of $7.17 billion, a PE ratio of 50.62, a P/E/G ratio of 2.19 and a beta of 1.94. The firm’s 50-day moving average price is $50.23 and its 200-day moving average price is $46.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.14.

AZEK (NYSE:AZEKGet Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, equities analysts predict that The AZEK Company Inc. will post 1.29 EPS for the current fiscal year.

AZEK Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AZEK (NYSE:AZEK)

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