Rhumbline Advisers Has $7.50 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

Rhumbline Advisers trimmed its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,000 shares of the company's stock after selling 11,025 shares during the period. Rhumbline Advisers owned 0.11% of AZEK worth $7,500,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company's stock worth $665,702,000 after acquiring an additional 3,595,863 shares during the last quarter. FMR LLC grew its holdings in AZEK by 57.9% during the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company's stock worth $318,782,000 after acquiring an additional 2,497,074 shares during the last quarter. State Street Corp grew its holdings in AZEK by 1.9% during the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company's stock worth $114,729,000 after acquiring an additional 45,774 shares during the last quarter. Geode Capital Management LLC grew its holdings in AZEK by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock worth $109,105,000 after acquiring an additional 12,644 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in AZEK by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock worth $93,564,000 after acquiring an additional 90,206 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

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AZEK Trading Up 2.2 %

Shares of NYSE:AZEK traded up $1.03 during mid-day trading on Friday, reaching $46.85. The stock had a trading volume of 1,843,152 shares, compared to its average volume of 1,623,204. The firm has a market cap of $6.73 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.94. The firm has a 50 day simple moving average of $48.97 and a two-hundred day simple moving average of $47.06. 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 twelve month low of $35.48 and a twelve month high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating 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%. On average, research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other AZEK news, CMO Samara Toole sold 1,709 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. This trade represents a 9.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jesse G. Singh sold 19,613 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $44.98, for a total transaction of $882,192.74. Following the sale, the chief executive officer now owns 904,152 shares in the company, valued at $40,668,756.96. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,709 shares of company stock worth $3,060,151. Company insiders own 3.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. DA Davidson increased their price objective on shares of AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of AZEK from $54.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. BMO Capital Markets raised their target price on shares of AZEK from $52.00 to $54.00 and gave the company a "market perform" rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group raised their target price on shares of AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.85.

About AZEK

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.