The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 301,702 shares of the company’s stock after selling 144,667 shares during the quarter. Leeward Investments LLC MA owned approximately 0.20% of AZEK worth $11,540,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AZEK. AE Wealth Management LLC acquired a new stake in shares of AZEK in the 3rd quarter valued at about $467,000. SG Americas Securities LLC boosted its position in shares of AZEK by 7.7% in the 3rd quarter. SG Americas Securities LLC now owns 17,236 shares of the company’s stock valued at $513,000 after purchasing an additional 1,236 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of AZEK by 1.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 71,396 shares of the company’s stock valued at $2,123,000 after purchasing an additional 1,029 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of AZEK by 24.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 10,148 shares of the company’s stock valued at $302,000 after purchasing an additional 2,010 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AZEK by 27.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,098 shares of the company’s stock valued at $806,000 after purchasing an additional 5,776 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AZEK shares. Barclays increased their price objective on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. BMO Capital Markets increased their price objective on AZEK from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. B. Riley increased their price objective on AZEK from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. TheStreet raised AZEK from a “c+” rating to a “b-” rating in a research report on Wednesday, January 31st. Finally, Truist Financial increased their price objective on AZEK from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, AZEK currently has an average rating of “Moderate Buy” and a consensus price target of $44.11.

AZEK Price Performance

NYSE AZEK traded up $0.57 during mid-day trading on Friday, hitting $46.13. The stock had a trading volume of 797,019 shares, compared to its average volume of 1,460,788. The AZEK Company Inc. has a 52-week low of $23.08 and a 52-week high of $50.78. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 1.46 and a beta of 1.92. The company has a 50 day simple moving average of $47.84 and a 200 day simple moving average of $39.15. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43.

AZEK (NYSE:AZEK) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. The firm had revenue of $240.44 million during the quarter, compared to the consensus estimate of $234.12 million. AZEK had a return on equity of 9.61% and a net margin of 8.57%. Equities analysts forecast that The AZEK Company Inc. will post 1.03 EPS for the current fiscal year.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total value of $627,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,083,444 shares of the company’s stock, valued at $52,330,345.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Michelle A. Kasson sold 94,431 shares of AZEK stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.47, for a total value of $4,671,501.57. Following the completion of the sale, the insider now owns 23,544 shares of the company’s stock, valued at $1,164,721.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $48.30, for a total value of $627,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,083,444 shares of the company’s stock, valued at approximately $52,330,345.20. The disclosure for this sale can be found here. Insiders sold a total of 130,431 shares of company stock valued at $6,356,622 over the last three months. 3.10% of the stock is currently owned by insiders.

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.