EFG Asset Management North America Corp. Buys 9,772 Shares of The AZEK Company Inc. (NYSE:AZEK)

EFG Asset Management North America Corp. boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,136 shares of the company's stock after purchasing an additional 9,772 shares during the period. EFG Asset Management North America Corp.'s holdings in AZEK were worth $2,238,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AZEK. Landscape Capital Management L.L.C. acquired a new position in shares of AZEK in the 3rd quarter valued at $256,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of AZEK by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,302 shares of the company's stock worth $53,600,000 after buying an additional 28,080 shares during the period. Bank of Montreal Can increased its position in shares of AZEK by 22.8% in the third quarter. Bank of Montreal Can now owns 196,361 shares of the company's stock worth $9,184,000 after acquiring an additional 36,433 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of AZEK by 38.7% in the third quarter. The Manufacturers Life Insurance Company now owns 719,568 shares of the company's stock worth $33,676,000 after acquiring an additional 200,746 shares in the last quarter. Finally, FMR LLC lifted its position in shares of AZEK by 57.9% in 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. 97.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jesse G. Singh sold 15,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the transaction, the chief executive officer now owns 868,765 shares of the company's stock, valued at approximately $35,645,427.95. This trade represents a 1.70 % decrease in their position. The sale was disclosed in a document filed 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 three months. 3.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a research note on Wednesday. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Finally, Stephens downgraded AZEK from an "overweight" rating to a "mixed" rating in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, AZEK has a consensus rating of "Hold" and a consensus target price of $54.32.

AZEK Price Performance

NYSE:AZEK traded down $0.14 during mid-day trading on Friday, reaching $49.65. 6,009,594 shares of the company were exchanged, compared to its average volume of 1,920,716. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The stock has a market cap of $7.13 billion, a PE ratio of 50.15, 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. The company has a fifty day moving average of $47.40 and a 200 day moving average of $47.41.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, research analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

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.