New York State Common Retirement Fund Sells 5,000 Shares of The AZEK Company Inc. (NYSE:AZEK)

New York State Common Retirement Fund trimmed its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 102,794 shares of the company’s stock after selling 5,000 shares during the quarter. New York State Common Retirement Fund’s holdings in AZEK were worth $4,880,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. WCM Investment Management LLC grew its holdings in AZEK by 2.2% during the 3rd quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock valued at $25,232,000 after purchasing an additional 11,770 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of AZEK by 8.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after buying an additional 50,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AZEK by 105.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after buying an additional 31,193 shares during the last quarter. State Street Corp raised its holdings in shares of AZEK by 1.9% in the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after buying an additional 45,774 shares during the period. Finally, Algert Global LLC lifted its stake in shares of AZEK by 18.5% during the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock worth $5,590,000 after acquiring an additional 18,690 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

AZEK Price Performance

AZEK opened at $45.86 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The firm has a market capitalization of $6.59 billion, a PE ratio of 46.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.94. The business’s 50-day moving average is $49.01 and its two-hundred day moving average is $47.00. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 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%. Research analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AZEK has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. Barclays upped their price target on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. DA Davidson lifted their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Robert W. Baird lifted their price target on shares of AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AZEK currently has a consensus rating of “Moderate Buy” and an average price target of $54.85.

Insider Activity at AZEK

In other news, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at $881,496. This represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction 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 approximately $49,255,149.80. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,709 shares of company stock worth $3,060,151. 3.20% of the stock is owned by corporate insiders.

AZEK 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.