Stifel Financial Corp Sells 6,808 Shares of The AZEK Company Inc. (NYSE:AZEK)

Stifel Financial Corp lowered its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 30.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,673 shares of the company's stock after selling 6,808 shares during the period. Stifel Financial Corp's holdings in AZEK were worth $744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased 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 purchasing an additional 93,819 shares in the last quarter. Tidal Investments LLC increased its position in AZEK by 69.8% during the 3rd quarter. Tidal Investments LLC now owns 10,587 shares of the company's stock valued at $495,000 after buying an additional 4,352 shares in the last quarter. GAMMA Investing LLC raised its stake in AZEK by 39.1% during the fourth 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 last quarter. Winthrop Advisory Group LLC bought a new stake in AZEK in the fourth quarter worth $262,000. Finally, Artemis Investment Management LLP grew its stake in shares of AZEK by 40.8% in the fourth quarter. Artemis Investment Management LLP now owns 661,057 shares of the company's stock worth $31,380,000 after acquiring an additional 191,453 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

AZEK Price Performance

Shares of AZEK stock opened at $50.33 on Friday. The stock's fifty day moving average is $46.43 and its 200 day moving average is $48.09. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The stock has a market cap of $7.23 billion, a P/E ratio of 50.84, a P/E/G ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $452.23 million for the quarter, compared to analysts' expectations of $444.75 million. AZEK had a return on equity of 13.47% and a net margin of 9.85%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. Sell-side analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling

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 value of $615,450.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AZEK shares. Raymond James set a $51.50 price target on shares of AZEK in a research note on Tuesday, March 25th. Citigroup reiterated a "neutral" rating and set a $51.50 price target (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. UBS Group decreased their price objective on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday. Robert W. Baird increased their target price on AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Baird R W cut AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Ten research 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, AZEK currently has an average rating of "Hold" and a consensus target price of $53.93.

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.

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