Leeward Investments LLC MA Lowers Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Leeward Investments LLC MA lessened its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 34.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,816 shares of the company's stock after selling 92,773 shares during the quarter. Leeward Investments LLC MA owned about 0.12% of AZEK worth $8,415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in AZEK during the third quarter worth about $31,000. ORG Partners LLC purchased a new position in shares of AZEK during the 1st quarter valued at approximately $35,000. Whittier Trust Co. acquired a new position in shares of AZEK in the 1st quarter valued at $37,000. Farther Finance Advisors LLC boosted its holdings in AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock worth $35,000 after buying an additional 487 shares in the last quarter. Finally, Paladin Wealth LLC acquired a new stake in AZEK during the third quarter valued at $39,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada reduced their target price on AZEK from $49.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Citigroup cut their target price on shares of AZEK from $50.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, July 11th. Stifel Nicolaus decreased their price target on shares of AZEK from $52.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Truist Financial reduced their target price on AZEK from $57.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Benchmark reaffirmed a "buy" rating and issued a $55.00 price target on shares of AZEK in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.12.

Insider Activity at AZEK

In other news, Director Pamela J. Edwards bought 600 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $41.70 per share, for a total transaction of $25,020.00. Following the completion of the purchase, the director now owns 8,708 shares of the company's stock, valued at approximately $363,123.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $41.47, for a total transaction of $829,400.00. Following the completion of the transaction, the chief executive officer now directly owns 186,705 shares of the company's stock, valued at approximately $7,742,656.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pamela J. Edwards acquired 600 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of $41.70 per share, for a total transaction of $25,020.00. Following the acquisition, the director now owns 8,708 shares in the company, valued at approximately $363,123.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by company insiders.

AZEK Trading Up 0.6 %

NYSE:AZEK traded up $0.28 during trading hours on Friday, reaching $46.83. 253,902 shares of the stock were exchanged, compared to its average volume of 1,703,480. The AZEK Company Inc. has a twelve month low of $27.81 and a twelve month high of $50.78. The company has a quick ratio of 2.11, a current ratio of 3.07 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $44.17 and a two-hundred day moving average of $44.17. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 1.14 and a beta of 1.88.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. AZEK had a net margin of 11.35% and a return on equity of 13.38%. The business had revenue of $434.40 million during the quarter, compared to analyst estimates of $396.89 million. During the same quarter last year, the firm posted $0.29 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts predict that The AZEK Company Inc. will post 1.05 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.