Capital Research Global Investors Has $201.32 Million Position in The AZEK Company Inc. (NYSE:AZEK)

Capital Research Global Investors cut its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 17.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,241,058 shares of the company's stock after selling 883,971 shares during the period. Capital Research Global Investors owned about 2.97% of AZEK worth $201,323,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AZEK. Empowered Funds LLC acquired a new stake in AZEK in the 4th quarter valued at $27,000. FIL Ltd acquired a new stake in shares of AZEK in the fourth quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in AZEK by 623.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after acquiring an additional 592 shares in the last quarter. Avalon Trust Co acquired a new position in AZEK during the fourth quarter valued at approximately $38,000. Finally, GAMMA Investing LLC grew its stake in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 868,765 shares of the company's stock, valued at approximately $35,645,427.95. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

AZEK Stock Performance

Shares of AZEK traded down $0.08 during mid-day trading on Friday, hitting $49.41. 967,200 shares of the company's stock were exchanged, compared to its average volume of 3,210,647. 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 firm has a market cap of $7.10 billion, a price-to-earnings ratio of 49.91, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The stock's 50-day simple moving average is $45.86 and its 200-day simple moving average is $47.62. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, equities research analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

AZEK has been the subject of several recent analyst reports. Barclays cut their price objective on AZEK from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Loop Capital dropped their target price on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Raymond James set a $51.50 price target on AZEK in a report on Tuesday, March 25th. Finally, Robert W. Baird reissued a "neutral" rating and set a $53.00 price target (down previously from $58.00) on shares of AZEK in a research report on Monday, March 24th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, AZEK presently has an average rating of "Hold" and an average price target of $53.53.

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.