The AZEK Company Inc. (NYSE:AZEK) Holdings Trimmed by Algert Global LLC

Algert Global LLC cut its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 85.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,847 shares of the company's stock after selling 102,606 shares during the quarter. Algert Global LLC's holdings in AZEK were worth $800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after purchasing an additional 239 shares in the last quarter. Truist Financial Corp lifted its position in shares of AZEK by 1.6% during the 4th quarter. Truist Financial Corp now owns 16,706 shares of the company's stock valued at $793,000 after acquiring an additional 255 shares during the last quarter. Investment House LLC boosted its stake in shares of AZEK by 0.7% during the 4th quarter. Investment House LLC now owns 39,255 shares of the company's stock worth $1,863,000 after acquiring an additional 290 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of AZEK by 4.8% in the 4th quarter. Federated Hermes Inc. now owns 6,984 shares of the company's stock worth $332,000 after acquiring an additional 318 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of AZEK by 13.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock worth $146,000 after purchasing an additional 352 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Stock Up 0.9 %

Shares of AZEK stock opened at $50.33 on Friday. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 50.84, a P/E/G ratio of 1.91 and a beta of 1.86. The stock has a 50-day simple moving average of $46.43 and a 200-day simple moving average of $48.09. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19.

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

Analyst Upgrades and Downgrades

AZEK has been the subject of a number of recent analyst reports. Stephens decreased their price target on AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday. Raymond James set a $51.50 target price on shares of AZEK in a research report on Tuesday, March 25th. William Blair restated a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Baird R W lowered shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, UBS Group cut their target price on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $53.93.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the sale, the chief executive officer now owns 883,765 shares of the company's stock, valued at $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.20% of the company's stock.

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.

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