Blair William & Co. IL Reduces Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Blair William & Co. IL reduced its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,077 shares of the company's stock after selling 16,498 shares during the period. Blair William & Co. IL's holdings in AZEK were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in AZEK during the 3rd quarter worth approximately $59,000. Janus Henderson Group PLC increased its position in shares of AZEK by 8.9% during the third quarter. Janus Henderson Group PLC now owns 63,791 shares of the company's stock worth $2,986,000 after acquiring an additional 5,200 shares during the period. Millburn Ridgefield Corp acquired a new stake in shares of AZEK in the third quarter valued at $84,000. Quadrature Capital Ltd purchased a new position in AZEK in the third quarter valued at $253,000. Finally, Stifel Financial Corp grew its stake in AZEK by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company's stock worth $1,052,000 after purchasing an additional 4,454 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AZEK shares. Citigroup reiterated 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. The Goldman Sachs Group boosted their price target on shares of AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. BMO Capital Markets raised their price objective on shares of AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a report on Monday, March 24th. Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Finally, Raymond James set a $51.50 target price on AZEK in a report on Tuesday, March 25th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, AZEK currently has an average rating of "Hold" and a consensus price target of $53.40.

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AZEK Stock Performance

Shares of AZEK stock traded down $1.31 during trading hours on Tuesday, hitting $43.39. 8,764,381 shares of the company were exchanged, compared to its average volume of 2,068,926. 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 business has a 50-day moving average of $46.71 and a 200-day moving average of $47.53. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 43.83, a P/E/G ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.85% and a return on equity of 13.47%. As a group, analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insider Activity at AZEK

In other news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 55,000 shares of company stock worth $2,518,624 over the last 90 days. Company insiders own 3.20% of the company's stock.

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.