Brown Financial Advisors Takes $1.06 Million Position in The AZEK Company Inc. (NYSE:AZEK)

Brown Financial Advisors purchased a new position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,392 shares of the company's stock, valued at approximately $1,063,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its position in AZEK by 33.8% during the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company's stock worth $665,702,000 after acquiring an additional 3,595,863 shares during the last quarter. FMR LLC increased its stake in shares of AZEK by 57.9% during the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company's stock worth $318,782,000 after purchasing an additional 2,497,074 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of AZEK by 73.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company's stock worth $47,093,000 after purchasing an additional 425,609 shares during the last quarter. Gradient Investments LLC lifted its stake in AZEK by 834.9% in the 4th quarter. Gradient Investments LLC now owns 410,233 shares of the company's stock valued at $19,474,000 after buying an additional 366,352 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in AZEK by 38.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 719,568 shares of the company's stock valued at $33,676,000 after buying an additional 200,746 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZEK. JPMorgan Chase & Co. boosted their price target on AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. DA Davidson boosted their target price on shares of AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Truist Financial raised their price target on shares of AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Barclays boosted their price objective on shares of AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Citigroup raised shares of AZEK from a "neutral" rating to a "buy" rating and upped their price objective for the company from $51.00 to $60.00 in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.85.

Insider Buying and Selling at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the transaction, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This represents a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the sale, the chief executive officer now owns 923,765 shares in the company, valued at $49,255,149.80. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,709 shares of company stock valued at $3,060,151 over the last ninety days. Corporate insiders own 3.20% of the company's stock.

AZEK Trading Up 2.2 %

Shares of AZEK stock traded up $1.03 on Friday, reaching $46.85. 1,843,152 shares of the stock were exchanged, compared to its average volume of 1,623,204. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.73 billion, a P/E ratio of 47.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.94. The firm has a 50 day moving average of $49.01 and a two-hundred day moving average of $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 - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS 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%. On average, research analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current year.

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.