Vanguard Group Inc. Boosts Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Vanguard Group Inc. lifted its stake in The AZEK Company Inc. (NYSE:AZEK) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,430,833 shares of the company’s stock after purchasing an additional 54,725 shares during the period. Vanguard Group Inc. owned about 10.09% of AZEK worth $685,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AZEK. GAMMA Investing LLC boosted its stake in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after buying an additional 239 shares during the period. Truist Financial Corp lifted its stake in AZEK by 1.6% in the fourth quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock worth $793,000 after acquiring an additional 255 shares during the last quarter. Investment House LLC grew its holdings in AZEK by 0.7% during the 4th quarter. Investment House LLC now owns 39,255 shares of the company’s stock worth $1,863,000 after acquiring an additional 290 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of AZEK by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $146,000 after purchasing an additional 352 shares during the last quarter. Finally, Norden Group LLC increased its position in shares of AZEK by 2.4% in the 4th quarter. Norden Group LLC now owns 21,204 shares of the company’s stock valued at $1,007,000 after purchasing an additional 496 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 19,613 shares of AZEK stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the sale, the chief executive officer now directly owns 904,152 shares in the company, valued at $40,668,756.96. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 55,000 shares of company stock worth $2,518,624 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

AZEK Stock Down 0.3 %

AZEK stock opened at $49.65 on Monday. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 50.15, a PEG ratio of 1.91 and a beta of 1.95. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $47.40 and a two-hundred day moving average of $47.45. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. As a group, research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AZEK. Robert W. Baird reissued a “neutral” rating and issued a $53.00 target price (down previously from $58.00) on shares of AZEK in a report on Monday, March 24th. Barclays raised their target price on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada upped their price target on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Baird R W lowered shares of AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Citigroup restated a “neutral” rating and issued a $51.50 target price (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.32.

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.