Bank of Montreal Can decreased its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 96.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,803 shares of the company's stock after selling 189,558 shares during the period. Bank of Montreal Can's holdings in AZEK were worth $323,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Empowered Funds LLC purchased a new position in AZEK in the fourth quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 period. Avalon Trust Co acquired a new stake in AZEK in the 4th quarter worth about $38,000. GAMMA Investing LLC boosted its position in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after acquiring an additional 239 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of AZEK by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock worth $85,000 after buying an additional 877 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.
AZEK Trading Up 2.3 %
Shares of AZEK stock opened at $48.37 on Thursday. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The business's 50 day moving average is $45.88 and its two-hundred day moving average is $47.58. 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 market cap of $6.95 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86.
AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Jesse G. Singh sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the sale, the chief executive officer now owns 868,765 shares of the company's stock, valued at $35,645,427.95. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.20% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on AZEK. BMO Capital Markets boosted their price objective on shares of AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, March 24th. Barclays reduced their target price on AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Loop Capital lowered their target price on shares of AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Raymond James set a $51.50 target price on AZEK in a research note on Tuesday, March 25th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AZEK currently has a consensus rating of "Hold" and a consensus price target of $53.53.
Check Out Our Latest Research Report on AZEK
AZEK Company Profile
(
Free Report)
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.
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