The AZEK Company Inc. (NYSE:AZEK) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its holdings in The AZEK Company Inc. (NYSE:AZEK) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,407,329 shares of the company’s stock after selling 136,522 shares during the quarter. William Blair Investment Management LLC’s holdings in AZEK were worth $161,746,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC bought a new stake in AZEK in the fourth quarter valued at about $27,000. Avalon Trust Co bought a new stake in AZEK in the fourth quarter valued at about $38,000. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 239 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AZEK during the third quarter valued at approximately $59,000. Finally, Millburn Ridgefield Corp bought a new position in shares of AZEK during the third quarter valued at approximately $84,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AZEK. The Goldman Sachs Group upped their target price on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Royal Bank of Canada upped their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson increased their price objective on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets raised their target price on AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.85.

AZEK Stock Up 4.0 %

Shares of AZEK stock opened at $41.21 on Monday. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The stock has a market cap of $5.92 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95. The business’s fifty day moving average is $47.82 and its 200-day moving average is $47.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Activity

In other news, CMO Samara Toole sold 1,709 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. This trade represents a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jesse G. Singh sold 20,387 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the sale, the chief executive officer now directly owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,709 shares of company stock worth $2,609,201. 3.20% of the stock is owned by company insiders.

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.