Calamos Advisors LLC Sells 66,808 Shares of The AZEK Company Inc. (NYSE:AZEK)

Calamos Advisors LLC cut its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 67.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,062 shares of the company's stock after selling 66,808 shares during the quarter. Calamos Advisors LLC's holdings in AZEK were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of AZEK. Vanguard Group Inc. boosted its holdings in AZEK by 7.3% in the third quarter. Vanguard Group Inc. now owns 13,012,414 shares of the company's stock valued at $386,989,000 after purchasing an additional 881,697 shares during the period. Invesco Ltd. increased its position in AZEK by 46.3% in the 3rd quarter. Invesco Ltd. now owns 2,697,856 shares of the company's stock valued at $80,234,000 after acquiring an additional 853,656 shares during the period. Loomis Sayles & Co. L P increased its position in AZEK by 11.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,428,049 shares of the company's stock valued at $72,210,000 after acquiring an additional 246,212 shares during the period. FMR LLC increased its position in AZEK by 54.2% in the 3rd quarter. FMR LLC now owns 2,348,478 shares of the company's stock valued at $69,844,000 after acquiring an additional 825,683 shares during the period. Finally, American Century Companies Inc. increased its position in AZEK by 1.8% in the 3rd quarter. American Century Companies Inc. now owns 1,976,725 shares of the company's stock valued at $58,788,000 after acquiring an additional 35,542 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Trading Up 0.6 %

Shares of AZEK stock traded up $0.28 during trading hours on Monday, reaching $45.00. 794,540 shares of the company's stock were exchanged, compared to its average volume of 1,488,028. The AZEK Company Inc. has a 52-week low of $23.08 and a 52-week high of $50.78. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.92. The company has a fifty day moving average of $47.76 and a 200-day moving average of $38.80. The company has a current ratio of 2.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. The company had revenue of $240.44 million for the quarter, compared to analyst estimates of $234.12 million. AZEK had a return on equity of 9.61% and a net margin of 8.57%. Sell-side analysts forecast that The AZEK Company Inc. will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AZEK. Royal Bank of Canada boosted their price target on AZEK from $43.00 to $49.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. BMO Capital Markets boosted their target price on AZEK from $39.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Citigroup upped their price target on AZEK from $46.00 to $50.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Stifel Nicolaus upped their price target on AZEK from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Finally, B. Riley upped their price target on AZEK from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.11.

Insider Transactions at AZEK

In other news, insider Michelle A. Kasson sold 94,431 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.47, for a total transaction of $4,671,501.57. Following the completion of the sale, the insider now directly owns 23,544 shares in the company, valued at approximately $1,164,721.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Michelle A. Kasson sold 94,431 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.47, for a total value of $4,671,501.57. Following the completion of the sale, the insider now directly owns 23,544 shares in the company, valued at approximately $1,164,721.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $48.30, for a total value of $627,900.00. Following the completion of the sale, the chief executive officer now owns 1,083,444 shares of the company's stock, valued at $52,330,345.20. The disclosure for this sale can be found here. Insiders sold a total of 130,431 shares of company stock worth $6,356,622 in the last ninety days. Insiders own 3.10% of the company's stock.

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.