Dimensional Fund Advisors LP Sells 13,546 Shares of The AZEK Company Inc. (NYSE:AZEK)

Dimensional Fund Advisors LP cut its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,419,172 shares of the company's stock after selling 13,546 shares during the period. Dimensional Fund Advisors LP owned 1.69% of AZEK worth $114,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AZEK. Empowered Funds LLC bought a new stake in shares of AZEK during the 4th quarter valued at about $27,000. FIL Ltd acquired a new position in AZEK in the fourth quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after buying an additional 592 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of AZEK during the 4th quarter worth approximately $38,000. Finally, GAMMA Investing LLC increased 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 acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company's stock.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the transaction, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is owned by company insiders.

AZEK Price Performance

AZEK stock opened at $49.41 on Friday. The stock has a market cap of $7.10 billion, a P/E ratio of 49.91, a P/E/G ratio of 1.91 and a beta of 1.86. 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 company's 50 day moving average price is $45.83 and its two-hundred day moving average price is $47.69. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

AZEK has been the subject of a number of research reports. Baird R W cut shares of AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Citigroup restated a "neutral" rating and issued a $51.50 target price (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Barclays cut their price target on AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Raymond James set a $51.50 target price on AZEK in a research report on Tuesday, March 25th. Finally, Stephens downgraded shares of AZEK from an "overweight" rating to a "mixed" rating in a research report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, AZEK currently has an average rating of "Hold" and a consensus price target of $53.53.

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.

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