Bokf Na Sells 27,771 Shares of The AZEK Company Inc. (NYSE:AZEK)

BOKF NA lowered its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,535 shares of the company's stock after selling 27,771 shares during the period. BOKF NA's holdings in AZEK were worth $2,219,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AZEK. Barclays PLC increased its stake in AZEK by 96.0% in the 3rd quarter. Barclays PLC now owns 191,588 shares of the company's stock valued at $8,966,000 after buying an additional 93,819 shares during the last quarter. Tidal Investments LLC increased its position in shares of AZEK by 69.8% in the third quarter. Tidal Investments LLC now owns 10,587 shares of the company's stock valued at $495,000 after acquiring an additional 4,352 shares during the last quarter. GAMMA Investing LLC raised its holdings in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after acquiring an additional 239 shares in the last quarter. Winthrop Advisory Group LLC bought a new stake in AZEK during the fourth quarter worth about $262,000. Finally, Artemis Investment Management LLP grew its stake in AZEK by 40.8% in the fourth quarter. Artemis Investment Management LLP now owns 661,057 shares of the company's stock valued at $31,380,000 after purchasing an additional 191,453 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 15,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the sale, the chief executive officer now owns 868,765 shares of the company's stock, valued at $35,645,427.95. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.

AZEK Stock Performance

Shares of AZEK stock traded up $0.34 on Tuesday, hitting $51.83. The stock had a trading volume of 766,627 shares, compared to its average volume of 2,210,669. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The business's 50 day moving average is $46.54 and its two-hundred day moving average is $48.19.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. AZEK had a return on equity of 13.47% and a net margin of 9.85%. The firm had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same period in the prior year, the firm posted $0.39 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AZEK shares. Loop Capital dropped their price objective on AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Barclays boosted their target price on shares of AZEK from $53.00 to $57.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Baird R W cut shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. William Blair restated a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Finally, UBS Group cut their target price on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, AZEK presently has a consensus rating of "Hold" and a consensus price target of $53.93.

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.