Northern Trust Corp Buys 72,383 Shares of The AZEK Company Inc. (NYSE:AZEK)

Northern Trust Corp grew its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 967,770 shares of the company's stock after buying an additional 72,383 shares during the period. Northern Trust Corp owned about 0.68% of AZEK worth $45,940,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of AZEK by 7.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 776,233 shares of the company's stock worth $36,848,000 after purchasing an additional 56,665 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of AZEK in the 4th quarter worth approximately $1,794,000. Integrated Wealth Concepts LLC lifted its holdings in shares of AZEK by 4.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 8,171 shares of the company's stock worth $388,000 after purchasing an additional 379 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of AZEK by 8.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,014,781 shares of the company's stock worth $48,172,000 after purchasing an additional 80,719 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in shares of AZEK by 82.1% in the 4th quarter. Dark Forest Capital Management LP now owns 11,919 shares of the company's stock worth $566,000 after purchasing an additional 5,372 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

Insider Activity

In other news, CEO Jesse G. Singh sold 15,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the sale, the chief executive officer now owns 868,765 shares in the company, valued at approximately $35,645,427.95. This represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AZEK has been the topic of several recent analyst reports. Barclays lifted their target price on AZEK from $53.00 to $57.00 and gave the company an "overweight" rating in a research note on Thursday. Baird R W downgraded AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Wolfe Research reaffirmed a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Robert W. Baird lifted their target price on AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, UBS Group dropped their price objective on AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, AZEK currently has an average rating of "Hold" and a consensus target price of $53.93.

AZEK Trading Up 2.4%

Shares of AZEK stock traded up $1.18 on Monday, reaching $51.47. 2,424,786 shares of the company were exchanged, compared to its average volume of 2,216,274. The stock has a fifty day moving average price of $46.43 and a 200-day moving average price of $48.13. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 51.99, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The company had revenue of $452.23 million for the quarter, compared to the consensus estimate of $444.75 million. AZEK had a return on equity of 13.47% and a net margin of 9.85%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. On average, analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current year.

AZEK 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.