Brown Advisory Inc. Lowers Holdings in The AZEK Company Inc. (NYSE:AZEK)

Brown Advisory Inc. lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 424,360 shares of the company's stock after selling 52,343 shares during the quarter. Brown Advisory Inc. owned approximately 0.30% of AZEK worth $20,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in AZEK by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock worth $85,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in AZEK by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock valued at $55,519,000 after acquiring an additional 24,249 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in AZEK in the 4th quarter valued at $717,000. Raymond James Financial Inc. bought a new stake in AZEK in the 4th quarter valued at $19,436,000. Finally, Principal Financial Group Inc. increased its holdings in AZEK by 1,047.4% in the 4th quarter. Principal Financial Group Inc. now owns 135,364 shares of the company's stock valued at $6,426,000 after acquiring an additional 123,567 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the sale, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at $35,645,427.95. The trade was a 1.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AZEK. William Blair reiterated a "market perform" rating on shares of AZEK in a report on Monday, March 24th. Citigroup reiterated a "neutral" rating and issued a $51.50 price target (down from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Raymond James set a $51.50 price target on shares of AZEK in a report on Tuesday, March 25th. Robert W. Baird lifted their price target on shares of AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, UBS Group reduced their price target on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $53.93.

AZEK Trading Up 1.8%

NYSE:AZEK traded up $0.92 during mid-day trading on Monday, hitting $51.21. 664,291 shares of the stock traded hands, compared to its average volume of 2,209,582. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 51.70, a PEG ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The firm's 50 day moving average is $46.43 and its two-hundred day moving average is $48.13. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate 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 net margin of 9.85% and a return on equity of 13.47%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities research analysts predict that The AZEK Company Inc. will post 1.34 earnings per share 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.