Nebula Research & Development LLC cut its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,737 shares of the company's stock after selling 14,242 shares during the quarter. Nebula Research & Development LLC's holdings in AZEK were worth $1,269,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC boosted 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 valued at $8,966,000 after acquiring an additional 93,819 shares during the last quarter. Tidal Investments LLC increased its stake in AZEK by 69.8% in the third quarter. Tidal Investments LLC now owns 10,587 shares of the company's stock valued at $495,000 after purchasing an additional 4,352 shares during the last quarter. JPMorgan Chase & Co. lifted its position in AZEK by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock worth $93,564,000 after buying an additional 90,206 shares during the period. GAMMA Investing LLC grew its holdings in AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after buying an additional 239 shares during the period. Finally, Winthrop Advisory Group LLC acquired a new position in AZEK in the fourth quarter valued at $262,000. Hedge funds and other institutional investors own 97.44% of the company's stock.
Insider Transactions at AZEK
In other news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by insiders.
AZEK Stock Performance
Shares of NYSE AZEK traded up $0.14 during midday trading on Friday, reaching $49.91. 857,430 shares of the company traded hands, compared to its average volume of 2,215,734. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 1.91 and a beta of 1.86. 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 stock has a 50-day moving average price of $45.98 and a 200 day moving average price of $47.80. 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 issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Sell-side analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on AZEK shares. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Citigroup reiterated a "neutral" rating and set a $51.50 price objective (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Baird R W downgraded shares of AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. BMO Capital Markets increased their price target 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, Robert W. Baird reissued a "neutral" rating and issued a $53.00 price objective (down from $58.00) on shares of AZEK in a report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, AZEK has an average rating of "Hold" and an average target price of $53.53.
View Our Latest Research Report on AZEK
AZEK Company Profile
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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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