Leeward Investments LLC MA Decreases Stock Position in The AZEK Company Inc. (NYSE:AZEK)

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

Other hedge funds also recently modified their holdings of the company. FIL Ltd purchased a new position in shares of AZEK during the 4th quarter valued at $28,000. NBC Securities Inc. purchased a new position in AZEK in the first quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in AZEK by 623.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after acquiring an additional 592 shares in the last quarter. Parallel Advisors LLC grew its position in AZEK by 261.4% in the first quarter. Parallel Advisors LLC now owns 683 shares of the company's stock worth $33,000 after acquiring an additional 494 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in AZEK in the fourth quarter worth $38,000. Institutional investors own 97.44% of the company's stock.

Insider Activity

In other news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $51.40, for a total transaction of $1,028,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Loop Capital cut their target price on shares of AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Stephens reduced their price objective on AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Wolfe Research reaffirmed a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. BMO Capital Markets raised their price objective on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, March 24th. Finally, Raymond James Financial set a $51.50 price objective on AZEK in a research note on Tuesday, March 25th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AZEK presently has an average rating of "Hold" and an average target price of $53.93.

AZEK Price Performance

AZEK remained flat at $54.35 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.47 and a current ratio of 2.45. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The stock's fifty day moving average price is $51.53 and its 200 day moving average price is $48.87. The stock has a market capitalization 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 issued 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. AZEK had a net margin of 9.92% and a return on equity of 13.87%. The business had revenue of $452.23 million during the quarter, compared to analyst estimates of $444.75 million. During the same period last year, the business posted $0.39 earnings per share. AZEK's quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

About AZEK

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.