LPL Financial LLC Buys 5,589 Shares of The AZEK Company Inc. (NYSE:AZEK)

LPL Financial LLC raised its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,247 shares of the company's stock after buying an additional 5,589 shares during the period. LPL Financial LLC's holdings in AZEK were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Stifel Financial Corp lifted its stake in AZEK by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company's stock valued at $1,052,000 after buying an additional 4,454 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in AZEK in the third quarter valued at approximately $216,000. Barclays PLC grew its stake in shares of AZEK by 96.0% during the third quarter. Barclays PLC now owns 191,588 shares of the company's stock worth $8,966,000 after purchasing an additional 93,819 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AZEK by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock valued at $109,105,000 after acquiring an additional 12,644 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in AZEK by 97.8% in the third quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company's stock valued at $572,000 after purchasing an additional 5,553 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

AZEK Stock Performance

AZEK stock traded up $1.34 on Tuesday, reaching $47.32. The company's stock had a trading volume of 1,811,039 shares, compared to its average volume of 2,190,051. The firm has a fifty day moving average of $45.91 and a two-hundred day moving average of $47.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The company has a market capitalization of $6.80 billion, a P/E ratio of 47.80, a price-to-earnings-growth 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. As a group, analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on AZEK shares. William Blair reiterated a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Stephens cut shares of AZEK from an "overweight" rating to a "mixed" rating in a research note on Monday, March 24th. Baird R W cut shares of AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Citigroup reiterated a "neutral" rating and issued a $51.50 price target (down from $61.00) on shares of AZEK in a research report on Tuesday, March 25th. Finally, Loop Capital cut their price objective on AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $53.53.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction on Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the transaction, the chief executive officer now directly owns 883,765 shares in the company, valued at $44,258,951.20. The trade was a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

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.