Amundi raised its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 271.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,544 shares of the company's stock after purchasing an additional 31,811 shares during the period. Amundi's holdings in AZEK were worth $2,013,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of 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 buying an additional 3,595,863 shares in the last quarter. FMR LLC grew its stake in AZEK by 57.9% during the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company's stock valued at $318,782,000 after acquiring an additional 2,497,074 shares in the last quarter. State Street Corp raised 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 valued at $114,729,000 after acquiring an additional 45,774 shares during the last quarter. Geode Capital Management LLC lifted its stake in AZEK by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock worth $109,105,000 after purchasing an additional 12,644 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in AZEK by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock worth $93,564,000 after purchasing an additional 90,206 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on AZEK shares. Citigroup raised AZEK from a "neutral" rating to a "buy" rating and increased their price target for the company from $51.00 to $60.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on 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 target on shares of AZEK in a research report on Thursday, November 21st. The Goldman Sachs Group raised their price objective on shares of AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of AZEK from $52.00 to $54.00 and gave the company a "market perform" rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AZEK has an average rating of "Moderate Buy" and a consensus price target of $54.85.
Get Our Latest Analysis on AZEK
Insiders Place Their Bets
In related news, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now owns 868,765 shares in the company, valued at $35,645,427.95. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 55,000 shares of company stock worth $2,518,624 over the last 90 days. Corporate insiders own 3.20% of the company's stock.
AZEK Trading Down 0.8 %
NYSE:AZEK traded down $0.35 during trading hours on Friday, reaching $41.39. 1,679,389 shares of the stock were exchanged, compared to its average volume of 1,648,941. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The business has a 50-day moving average of $47.39 and a two-hundred day moving average of $47.11. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 1.91 and a beta of 1.95. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.
AZEK (NYSE:AZEK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (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, equities analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.
About AZEK
(
Free Report)
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.
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