Legal & General Group Plc decreased its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,650 shares of the company's stock after selling 17,307 shares during the quarter. Legal & General Group Plc owned 0.11% of AZEK worth $7,531,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AZEK. Vanguard Group Inc. grew its stake in AZEK by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company's stock worth $685,032,000 after buying an additional 54,725 shares during the last quarter. FMR LLC increased its stake in shares of AZEK by 80.7% in the fourth quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after purchasing an additional 5,499,986 shares during the period. Alliancebernstein L.P. boosted its position in shares of AZEK by 15.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock worth $156,396,000 after buying an additional 429,574 shares during the period. Norges Bank acquired a new stake in AZEK in the 4th quarter valued at approximately $94,987,000. Finally, JPMorgan Chase & Co. grew its stake in shares of AZEK by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock worth $93,564,000 after purchasing an additional 90,206 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.
Insider Buying and Selling at AZEK
In related news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.20% of the company's stock.
AZEK Trading Up 1.3 %
AZEK stock traded up $0.62 during midday trading on Thursday, hitting $49.02. 583,740 shares of the stock were exchanged, compared to its average volume of 2,191,735. The company has a fifty day simple moving average of $45.88 and a two-hundred day simple moving average of $47.58. 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 stock has a market capitalization of $7.04 billion, a PE ratio of 49.43, a P/E/G ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91.
AZEK (NYSE:AZEK - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Equities research analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on AZEK shares. Loop Capital decreased their price target on AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. William Blair reiterated a "market perform" rating on shares of AZEK in a report on Monday, March 24th. Barclays cut their price objective on shares of AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wolfe Research restated a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Finally, Raymond James set a $51.50 price objective on shares of AZEK in a research note on Tuesday, March 25th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $53.53.
Read Our Latest Stock Analysis on AZEK
About AZEK
(
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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