Barclays PLC Has $13.92 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Barclays PLC lifted its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 53.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 293,284 shares of the company's stock after purchasing an additional 101,696 shares during the period. Barclays PLC owned 0.21% of AZEK worth $13,921,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC increased its stake in shares of AZEK by 8.6% in the 4th quarter. Townsquare Capital LLC now owns 84,145 shares of the company's stock valued at $3,994,000 after buying an additional 6,638 shares during the period. Rockefeller Capital Management L.P. increased its position in AZEK by 101.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 859,910 shares of the company's stock worth $40,820,000 after purchasing an additional 433,125 shares during the period. Sterling Capital Management LLC raised its holdings in AZEK by 21.1% during the 4th quarter. Sterling Capital Management LLC now owns 4,194 shares of the company's stock worth $199,000 after purchasing an additional 732 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in AZEK by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 63,125 shares of the company's stock valued at $2,997,000 after purchasing an additional 400 shares during the period. Finally, Capital Fund Management S.A. boosted its stake in shares of AZEK by 57.5% in the 4th quarter. Capital Fund Management S.A. now owns 148,441 shares of the company's stock valued at $7,046,000 after purchasing an additional 54,189 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now directly owns 868,765 shares in the company, valued at $35,645,427.95. This trade represents 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 available through this link. 3.20% of the stock is currently owned by corporate insiders.

AZEK Stock Down 0.5 %

AZEK stock traded down $0.24 during trading hours on Friday, reaching $49.25. 255,862 shares of the stock were exchanged, compared to its average volume of 3,201,183. The firm's 50-day moving average is $45.86 and its 200-day moving average is $47.62. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 49.75, a PEG 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.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

AZEK has been the subject of a number of recent research reports. Citigroup reissued a "neutral" rating and set a $51.50 price target (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Stephens cut shares of AZEK from an "overweight" rating to a "mixed" rating in a research report on Monday, March 24th. Barclays reduced their price target on AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Raymond James set a $51.50 price objective on AZEK in a report on Tuesday, March 25th. Finally, Loop Capital reduced their target price on AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.53.

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.