The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,234 shares of the company's stock after selling 35,391 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of AZEK worth $4,046,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AZEK. JPMorgan Chase & Co. raised its stake in AZEK by 4.7% during the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock worth $93,564,000 after purchasing an additional 90,206 shares during the period. Stifel Financial Corp raised its position in shares of AZEK by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company's stock worth $1,052,000 after buying an additional 4,454 shares during the period. Blue Trust Inc. raised its position in shares of 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 buying an additional 877 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AZEK by 2.1% in the fourth 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. Finally, Proficio Capital Partners LLC purchased a new stake in AZEK during the fourth quarter valued at about $717,000. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

AZEK Stock Down 1.8 %

Shares of NYSE AZEK traded down $0.86 during midday trading on Monday, reaching $46.05. 3,255,920 shares of the company's stock were exchanged, compared to its average volume of 2,185,985. The stock has a market capitalization of $6.62 billion, a PE ratio of 46.52, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The business's fifty day moving average price is $45.97 and its two-hundred day moving average price is $47.58.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 15,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 868,765 shares in the company, valued at approximately $35,645,427.95. The trade was a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AZEK. Loop Capital reduced their price objective on AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday. Citigroup reaffirmed 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. Robert W. Baird reissued a "neutral" rating and issued a $53.00 price objective (down previously from $58.00) on shares of AZEK in a research report on Monday, March 24th. Stephens lowered shares of AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Finally, Raymond James set a $51.50 price target on shares of AZEK in a research report on Tuesday, March 25th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $53.53.

AZEK Company 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.