The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lessened its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 956,121 shares of the company's stock after selling 108,734 shares during the period. AZEK accounts for approximately 1.7% of Aristotle Capital Boston LLC's holdings, making the stock its 15th biggest position. Aristotle Capital Boston LLC owned 0.67% of AZEK worth $45,387,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AZEK. Empowered Funds LLC bought a new position in shares of AZEK in the fourth quarter worth about $27,000. FIL Ltd purchased a new position in shares of AZEK in the 4th quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after buying an additional 592 shares in the last quarter. Avalon Trust Co acquired a new stake in AZEK in the 4th quarter worth approximately $38,000. Finally, GAMMA Investing LLC increased its stake in AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Insider Activity

In other news, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the sale, the chief executive officer now owns 868,765 shares in the company, valued at approximately $35,645,427.95. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on AZEK. Robert W. Baird restated a "neutral" rating and set a $53.00 price objective (down from $58.00) on shares of AZEK in a research note on Monday, March 24th. Baird R W cut shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Raymond James set a $51.50 price objective on shares of AZEK in a research report on Tuesday, March 25th. BMO Capital Markets boosted their price objective on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research report on Monday, March 24th. Finally, William Blair reaffirmed a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, AZEK currently has an average rating of "Hold" and a consensus price target of $53.53.

AZEK Trading Down 0.2 %

Shares of AZEK stock traded down $0.12 during trading hours on Tuesday, hitting $49.64. The company had a trading volume of 1,974,306 shares, compared to its average volume of 2,224,452. The stock has a market capitalization of $7.13 billion, a PE ratio of 50.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. 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 fifty-two week low of $35.48 and a fifty-two week high of $54.91. The company's fifty day moving average is $46.11 and its 200 day moving average is $47.93.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. AZEK had a net margin of 9.85% and a return on equity of 13.47%. AZEK's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. Research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

AZEK 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.