The AZEK Company Inc. (NYSE:AZEK) Position Lessened by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 32.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 301,702 shares of the company’s stock after selling 144,667 shares during the quarter. Leeward Investments LLC MA’s holdings in AZEK were worth $11,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BluePath Capital Management LLC acquired a new position in AZEK during the third quarter worth $31,000. CWM LLC increased its position in AZEK by 81.3% during the fourth quarter. CWM LLC now owns 2,022 shares of the company’s stock worth $77,000 after buying an additional 907 shares during the last quarter. CI Investments Inc. acquired a new position in AZEK during the third quarter worth $153,000. Federated Hermes Inc. increased its position in AZEK by 80.4% during the fourth quarter. Federated Hermes Inc. now owns 4,353 shares of the company’s stock worth $167,000 after buying an additional 1,940 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in AZEK during the third quarter worth $200,000. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.34, for a total transaction of $589,420.00. Following the completion of the transaction, the chief executive officer now owns 1,184,444 shares in the company, valued at $53,702,690.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.34, for a total value of $589,420.00. Following the completion of the transaction, the chief executive officer now owns 1,184,444 shares in the company, valued at $53,702,690.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michelle A. Kasson sold 94,431 shares of AZEK stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.47, for a total transaction of $4,671,501.57. Following the completion of the transaction, the insider now owns 23,544 shares of the company’s stock, valued at approximately $1,164,721.68. The disclosure for this sale can be found here. Insiders sold a total of 130,431 shares of company stock worth $6,356,622 over the last quarter. Company insiders own 3.10% of the company’s stock.

AZEK Stock Performance

Shares of NYSE AZEK traded up $0.57 during mid-day trading on Friday, hitting $46.13. The company had a trading volume of 797,019 shares, compared to its average volume of 1,460,788. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.99 and a quick ratio of 1.67. The business’s 50-day simple moving average is $47.84 and its 200-day simple moving average is $39.15. The AZEK Company Inc. has a 12 month low of $23.08 and a 12 month high of $50.78. The firm has a market cap of $6.81 billion, a P/E ratio of 58.39, a PEG ratio of 1.46 and a beta of 1.92.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AZEK shares. BMO Capital Markets increased their target price on shares of AZEK from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Truist Financial raised their price target on AZEK from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price target on AZEK from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Robert W. Baird raised their price target on AZEK from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Citigroup raised their price target on AZEK from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.