Teachers Retirement System of The State of Kentucky Sells 10,445 Shares of The AZEK Company Inc. (NYSE:AZEK)

Teachers Retirement System of The State of Kentucky lowered its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,256 shares of the company's stock after selling 10,445 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in AZEK were worth $2,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in AZEK during the 4th quarter worth approximately $27,000. FIL Ltd acquired a new stake in shares of AZEK during the 4th quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AZEK by 623.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after purchasing an additional 592 shares during the last quarter. Avalon Trust Co purchased a new stake in AZEK in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC grew its holdings in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 97.44% of the company's stock.

Insider Buying and Selling at AZEK

In related news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the transaction, the chief executive officer now directly owns 883,765 shares of the company's stock, valued at $44,258,951.20. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.20% of the company's stock.

AZEK Trading Up 0.1 %

Shares of AZEK stock traded up $0.05 on Thursday, hitting $49.61. The company had a trading volume of 321,228 shares, compared to its average volume of 2,213,974. The stock's 50-day moving average is $45.91 and its two-hundred day moving average is $47.77. 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 firm has a market cap of $7.13 billion, a P/E ratio of 50.14, a P/E/G ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (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%. On average, equities research analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AZEK has been the topic of several research reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $53.00 target price (down from $58.00) on shares of AZEK in a research report on Monday, March 24th. Barclays reduced their target price on shares of AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Baird R W lowered AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. William Blair reiterated a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Finally, Citigroup reissued a "neutral" rating and set a $51.50 price target (down from $61.00) on shares of AZEK in a research report on Tuesday, March 25th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, AZEK presently has a consensus rating of "Hold" and a consensus price target of $53.53.

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.