Vanguard Group Inc. boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,430,833 shares of the company's stock after buying an additional 54,725 shares during the quarter. Vanguard Group Inc. owned approximately 10.09% of AZEK worth $685,032,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AZEK. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in AZEK by 105.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company's stock worth $2,845,000 after buying an additional 31,193 shares during the last quarter. State Street Corp grew its stake in shares of AZEK by 1.9% during the third 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. JPMorgan Chase & Co. grew its stake in shares of AZEK by 4.7% during the third 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. Stifel Financial Corp raised its position in shares of AZEK by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company's stock valued at $1,052,000 after purchasing an additional 4,454 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 valued at $85,000 after purchasing an additional 877 shares during the last quarter. Institutional investors own 97.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on AZEK shares. Stephens downgraded AZEK from an "overweight" rating to a "mixed" rating in a research note on Monday, March 24th. Royal Bank of Canada upped their target price on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. BMO Capital Markets lifted their price objective on shares of AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, March 24th. Finally, Barclays increased their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $54.32.
Check Out Our Latest Stock Analysis on AZEK
AZEK Price Performance
AZEK stock traded down $1.95 during mid-day trading on Friday, reaching $46.25. 5,512,872 shares of the company's stock were exchanged, compared to its average volume of 2,014,754. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The stock's 50 day moving average is $47.18 and its 200 day moving average is $47.56. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 46.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86.
AZEK (NYSE:AZEK - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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, research analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current year.
Insider Activity at AZEK
In other news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction on Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the transaction, the chief executive officer now owns 883,765 shares in the company, valued at $44,258,951.20. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is owned by insiders.
About AZEK
(
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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