Leeward Investments LLC MA lessened its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,314 shares of the company's stock after selling 6,704 shares during the period. Leeward Investments LLC MA owned about 0.10% of AZEK worth $6,958,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in AZEK by 44.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,769 shares of the company's stock valued at $673,000 after buying an additional 4,246 shares during the last quarter. Farther Finance Advisors LLC increased its stake in AZEK by 472.9% in the 1st quarter. Farther Finance Advisors LLC now owns 1,948 shares of the company's stock valued at $94,000 after buying an additional 1,608 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in AZEK by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock valued at $55,519,000 after buying an additional 24,249 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in AZEK in the 4th quarter valued at about $717,000. Finally, Fifth Third Bancorp increased its stake in AZEK by 6.8% in the 1st quarter. Fifth Third Bancorp now owns 7,236 shares of the company's stock valued at $354,000 after buying an additional 461 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company's stock.
AZEK Price Performance
AZEK remained flat at $54.35 on Tuesday. The stock has a 50 day moving average of $51.73 and a two-hundred day moving average of $48.95. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 53.28 and a beta of 1.82. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.
AZEK (NYSE:AZEK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $452.23 million during the quarter, compared to the consensus estimate of $444.75 million. AZEK had a net margin of 9.92% and a return on equity of 13.87%. AZEK's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. Equities research analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.
Insider Buying and Selling
In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the transaction, the chief executive officer directly owned 852,765 shares of the company's stock, valued at $43,832,121. This trade represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts have commented on AZEK shares. Stephens decreased their price objective on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Baird R W lowered shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Raymond James Financial set a $51.50 price objective on shares of AZEK in a research note on Tuesday, March 25th. William Blair reissued a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Finally, Wolfe Research reissued a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $53.93.
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AZEK Profile
(
Free Report)
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.
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