Leeward Investments LLC MA Sells 6,704 Shares of The AZEK Company Inc. (NYSE:AZEK)

Leeward Investments LLC MA cut its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,314 shares of the company's stock after selling 6,704 shares during the period. Leeward Investments LLC MA owned approximately 0.10% of AZEK worth $6,958,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in AZEK by 44.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,769 shares of the company's stock worth $673,000 after buying an additional 4,246 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of AZEK by 472.9% in the first quarter. Farther Finance Advisors LLC now owns 1,948 shares of the company's stock valued at $94,000 after acquiring an additional 1,608 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AZEK by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock valued at $55,519,000 after purchasing an additional 24,249 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of AZEK in the 4th quarter valued at approximately $717,000. Finally, Fifth Third Bancorp lifted its position in shares of 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 acquiring an additional 461 shares in the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Price Performance

Shares of AZEK stock remained flat at $54.35 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.29. The business's 50 day simple moving average is $51.63 and its two-hundred day simple moving average is $48.91. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 53.28 and a beta of 1.82.

AZEK (NYSE:AZEK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.92% and a return on equity of 13.87%. The business had revenue of $452.23 million for the quarter, compared to the consensus estimate of $444.75 million. During the same period in the prior year, the company posted $0.39 earnings per share. AZEK's revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 852,765 shares in the company, valued at approximately $43,832,121. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AZEK shares. Wolfe Research restated a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Citigroup reaffirmed a "neutral" rating and issued a $51.50 target price (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Baird R W cut shares of AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. BMO Capital Markets boosted their price objective on shares of AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, March 24th. Finally, Loop Capital cut their price objective on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AZEK currently has an average rating of "Hold" and an average target price of $53.93.

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.