Vaughan Nelson Investment Management L.P. Sells 31,825 Shares of The AZEK Company Inc. (NYSE:AZEK)

Vaughan Nelson Investment Management L.P. decreased its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 704,185 shares of the company’s stock after selling 31,825 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.49% of AZEK worth $33,428,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. WCM Investment Management LLC lifted its stake in shares of 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 buying an additional 11,770 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew 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 worth $31,415,000 after purchasing an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AZEK by 105.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after purchasing an additional 31,193 shares during the period. State Street Corp lifted its holdings in AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after purchasing an additional 45,774 shares in the last quarter. Finally, Algert Global LLC boosted its stake in AZEK by 18.5% in the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock worth $5,590,000 after purchasing an additional 18,690 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Price Performance

AZEK stock opened at $50.11 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The firm has a market capitalization of $7.17 billion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94. The firm has a 50-day moving average price of $50.23 and a 200-day moving average price of $46.41.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. As a group, equities research analysts forecast that The AZEK Company Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target 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. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of AZEK in a report on Thursday, November 21st. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Finally, Robert W. Baird lifted their price objective on AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.85.

Insider Transactions at AZEK

In other news, CMO Samara Toole sold 1,709 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jesse G. Singh sold 19,613 shares of AZEK stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $44.98, for a total value of $882,192.74. Following the completion of the sale, the chief executive officer now owns 904,152 shares of the company’s stock, valued at $40,668,756.96. The trade was 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 41,322 shares of company stock worth $2,039,170. 3.20% of the stock is currently owned by insiders.

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.