Schroder Investment Management Group Has $37.40 Million Position in The AZEK Company Inc. (NYSE:AZEK)

Schroder Investment Management Group decreased its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 779,665 shares of the company's stock after selling 134,756 shares during the period. Schroder Investment Management Group owned 0.55% of AZEK worth $37,401,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AZEK. Empowered Funds LLC bought a new position in AZEK in the 4th quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 purchasing an additional 592 shares during the last quarter. Avalon Trust Co bought a new stake in AZEK during the 4th quarter valued at approximately $38,000. GAMMA Investing LLC grew its holdings in 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 buying an additional 239 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in AZEK in the 3rd quarter worth approximately $59,000. 97.44% of the stock is owned by institutional investors.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 15,000 shares of the firm's 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 sale, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at $35,645,427.95. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 55,000 shares of company stock valued at $2,518,624 in the last three months. 3.20% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on AZEK. Citigroup restated a "neutral" rating and issued a $51.50 price objective (down previously from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. BMO Capital Markets raised their price target on shares of AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, March 24th. Stephens downgraded shares of AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Royal Bank of Canada increased their target price on shares of AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $53.00 price target (down previously from $58.00) on shares of AZEK in a report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, AZEK currently has a consensus rating of "Hold" and an average price target of $54.32.

AZEK Price Performance

AZEK stock traded down $1.95 during mid-day trading on Friday, hitting $46.25. 5,512,872 shares of the company were exchanged, compared to its average volume of 2,017,435. The company has a market capitalization of $6.65 billion, a PE ratio of 46.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The business has a fifty day moving average of $47.18 and a 200 day moving average of $47.59. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. As a group, sell-side analysts expect that The AZEK Company Inc. will post 1.34 earnings per share 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.