The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 499,836 shares of the company's stock after selling 129,734 shares during the quarter. Victory Capital Management Inc. owned approximately 0.35% of AZEK worth $23,727,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in AZEK by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock worth $55,519,000 after buying an additional 24,249 shares in the last quarter. Norden Group LLC increased its position in AZEK by 2.4% during the 4th quarter. Norden Group LLC now owns 21,204 shares of the company's stock worth $1,007,000 after purchasing an additional 496 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in AZEK by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock valued at $146,000 after purchasing an additional 352 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in AZEK in the 4th quarter valued at about $717,000. Finally, Brown Financial Advisors purchased a new position in shares of AZEK during the fourth quarter valued at approximately $1,063,000. Institutional investors and hedge funds own 97.44% of the company's stock.

AZEK Stock Up 4.0 %

Shares of NYSE:AZEK traded up $1.60 during midday trading on Friday, reaching $41.21. The company had a trading volume of 1,485,494 shares, compared to its average volume of 1,723,235. The stock has a market capitalization of $5.92 billion, a P/E ratio of 41.62, a PEG ratio of 1.91 and a beta of 1.95. The stock's fifty day moving average price is $48.11 and its 200-day moving average price is $47.20. 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 one year low of $35.48 and a one year high of $54.91.

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

Insider Buying and Selling at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of the business's stock in a transaction 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 completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the transaction, the chief executive officer now owns 923,765 shares in the company, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,709 shares of company stock worth $3,675,601 over the last quarter. 3.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AZEK has been the topic of a number of research analyst reports. Benchmark reissued a "buy" rating and issued a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. DA Davidson increased their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Truist Financial lifted their price target on shares of AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on shares of AZEK from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Thursday, February 6th. Finally, Citigroup raised shares of AZEK from a "neutral" rating to a "buy" rating and raised their target price for the company from $51.00 to $60.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.