William Blair Investment Management LLC Has $161.75 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

William Blair Investment Management LLC lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,407,329 shares of the company's stock after selling 136,522 shares during the quarter. William Blair Investment Management LLC owned approximately 2.38% of AZEK worth $161,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AZEK. Empowered Funds LLC bought a new stake in AZEK during the fourth quarter worth approximately $27,000. Avalon Trust Co bought a new stake in shares of AZEK during the 4th quarter worth $38,000. GAMMA Investing LLC grew its stake 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. Point72 Asia Singapore Pte. Ltd. bought a new position in AZEK in the 3rd quarter worth $59,000. Finally, Millburn Ridgefield Corp acquired a new position in AZEK during the 3rd quarter worth $84,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Price Performance

NYSE AZEK traded down $0.35 on Friday, reaching $41.39. The company's stock had a trading volume of 1,679,458 shares, compared to its average volume of 1,648,951. The firm has a market cap of $5.95 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The business has a 50-day moving average price of $47.39 and a 200 day moving average price of $47.11.

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

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $50.08, for a total value of $1,020,980.96. Following the completion of the transaction, the chief executive officer now owns 883,765 shares in the company, valued at approximately $44,258,951.20. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AZEK. Citigroup raised AZEK from a "neutral" rating to a "buy" rating and raised their price target for the company from $51.00 to $60.00 in a research report on Monday, January 6th. The Goldman Sachs Group lifted their price target on AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price objective on AZEK from $52.00 to $54.00 and gave the company a "market perform" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, Barclays increased their price target on shares of AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.85.

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.