Jade Capital Advisors LLC Trims Holdings in The AZEK Company Inc. (NYSE:AZEK)

Jade Capital Advisors LLC lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 66.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the company's stock after selling 20,000 shares during the quarter. Jade Capital Advisors LLC's holdings in AZEK were worth $468,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of AZEK by 3.2% during the first quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company's stock worth $677,082,000 after acquiring an additional 413,297 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in AZEK by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company's stock valued at $99,175,000 after acquiring an additional 118,351 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in AZEK in the second quarter valued at $86,719,000. Westfield Capital Management Co. LP lifted its holdings in AZEK by 1.7% in the first quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company's stock valued at $74,712,000 after acquiring an additional 25,515 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in AZEK by 66.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company's stock valued at $73,631,000 after acquiring an additional 587,107 shares during the period. Institutional investors and hedge funds own 97.44% of the company's stock.

Insider Buying and Selling at AZEK

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AZEK shares. Benchmark reiterated a "buy" rating and set a $55.00 target price on shares of AZEK in a report on Friday, August 9th. JPMorgan Chase & Co. dropped their price target on AZEK from $52.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 13th. UBS Group lowered their price objective on AZEK from $47.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. BMO Capital Markets raised their target price on AZEK from $46.00 to $49.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, DA Davidson lowered AZEK from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $57.00 to $44.00 in a research report on Wednesday, July 3rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.12.

AZEK Price Performance

AZEK stock traded down $0.68 during mid-day trading on Tuesday, reaching $42.52. 952,511 shares of the company were exchanged, compared to its average volume of 1,732,911. The company has a fifty day simple moving average of $43.57 and a 200-day simple moving average of $44.42. The firm has a market cap of $6.19 billion, a PE ratio of 41.58, a PEG ratio of 1.10 and a beta of 1.88. The AZEK Company Inc. has a 12 month low of $25.03 and a 12 month high of $50.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11.

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

About AZEK

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.