WCM Investment Management LLC Acquires 11,770 Shares of The AZEK Company Inc. (NYSE:AZEK)

WCM Investment Management LLC grew its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 539,494 shares of the company's stock after purchasing an additional 11,770 shares during the period. WCM Investment Management LLC owned approximately 0.37% of AZEK worth $25,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Equitable Trust Co. boosted its position in shares of AZEK by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company's stock valued at $484,000 after purchasing an additional 226 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company's stock worth $355,000 after buying an additional 251 shares during the period. Creative Planning boosted its holdings in shares of AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company's stock worth $327,000 after buying an additional 430 shares during the period. Covestor Ltd boosted its holdings in shares of AZEK by 18.8% in the third quarter. Covestor Ltd now owns 2,758 shares of the company's stock worth $129,000 after buying an additional 436 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company's stock worth $44,000 after buying an additional 480 shares during the period. Institutional investors own 97.44% of the company's stock.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the sale, the chief executive officer now owns 186,705 shares in the company, valued at $7,742,656.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Pamela J. Edwards bought 600 shares of AZEK stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $41.70 per share, for a total transaction of $25,020.00. Following the purchase, the director now owns 8,708 shares of the company's stock, valued at approximately $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jesse G. Singh sold 20,000 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the completion of the sale, the chief executive officer now owns 186,705 shares in the company, valued at $7,742,656.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

AZEK Stock Performance

AZEK stock traded up $0.88 on Monday, reaching $47.92. 755,840 shares of the company were exchanged, compared to its average volume of 1,701,511. The AZEK Company Inc. has a 12 month low of $28.21 and a 12 month high of $50.78. The stock's fifty day moving average price is $44.36 and its 200 day moving average price is $44.17. The firm has a market capitalization of $6.93 billion, a PE ratio of 42.40, a PEG ratio of 1.21 and a beta of 1.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AZEK. JPMorgan Chase & Co. decreased their target price on shares of AZEK from $52.00 to $48.00 and set an "overweight" rating for the company in a report on Tuesday, August 13th. Stifel Nicolaus decreased their price target on shares of AZEK from $52.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, August 8th. BMO Capital Markets raised their price target on shares of AZEK from $46.00 to $49.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Benchmark restated a "buy" rating and set a $55.00 price target on shares of AZEK in a report on Friday, August 9th. Finally, Loop Capital cut shares of AZEK from a "buy" rating to a "hold" rating and set a $47.00 price target for the company. in a report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.12.

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.