The AZEK Company Inc. (NYSE:AZEK) Holdings Lowered by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,566,451 shares of the company's stock after selling 63,275 shares during the quarter. Impax Asset Management Group plc owned about 1.08% of AZEK worth $72,530,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new position in shares of AZEK during the third quarter valued at approximately $31,000. ORG Partners LLC purchased a new position in shares of AZEK during the 1st quarter worth $35,000. Farther Finance Advisors LLC grew its position in shares of AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock valued at $35,000 after purchasing an additional 487 shares during the period. Whittier Trust Co. acquired a new position in AZEK in the first quarter valued at $37,000. Finally, Paladin Wealth LLC purchased a new position in AZEK during the third quarter worth about $39,000. Hedge funds and other institutional investors own 97.44% of the company's stock.

Insiders Place Their Bets

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

AZEK Stock Up 2.2 %

AZEK stock traded up $0.96 during trading on Tuesday, reaching $45.40. The stock had a trading volume of 929,611 shares, compared to its average volume of 1,711,948. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $43.95 and a 200 day moving average price of $44.14. The company has a market capitalization of $6.57 billion, a P/E ratio of 40.16, a PEG ratio of 1.14 and a beta of 1.88. The AZEK Company Inc. has a 1-year low of $27.60 and a 1-year high of $50.78.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AZEK shares. Royal Bank of Canada dropped their price objective on shares of AZEK from $49.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Truist Financial cut their price target on shares of AZEK from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group lowered their price objective on shares of AZEK from $56.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. UBS Group cut their target price on AZEK from $47.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Finally, Loop Capital cut AZEK from a "buy" rating to a "hold" rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, AZEK presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.12.

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.