The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in The AZEK Company Inc. (NYSE:AZEK) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 585,929 shares of the company’s stock after selling 14,539 shares during the quarter. Corient Private Wealth LLC owned 0.41% of AZEK worth $27,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZEK. Empowered Funds LLC acquired a new position in AZEK during the 4th quarter worth $27,000. Avalon Trust Co bought a new position in shares of AZEK during the fourth quarter worth about $38,000. GAMMA Investing LLC grew its stake in AZEK by 39.1% in the fourth 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in AZEK during the third quarter valued at approximately $59,000. Finally, Millburn Ridgefield Corp bought a new position in AZEK during the 3rd quarter worth approximately $84,000. 97.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AZEK shares. Truist Financial upped their price target on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and raised their price target for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Royal Bank of Canada boosted their price objective on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. Finally, DA Davidson upped their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.85.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 20,387 shares of AZEK 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 transaction, the chief executive officer now directly owns 883,765 shares in the company, valued at $44,258,951.20. The trade was a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 55,000 shares of company stock valued at $2,518,624 over the last three months. Company insiders own 3.20% of the company’s stock.

AZEK Stock Performance

AZEK stock opened at $40.77 on Wednesday. The company has a 50-day simple moving average of $47.56 and a 200 day simple moving average of $47.18. The company has a market capitalization of $5.86 billion, a P/E ratio of 41.19, a PEG ratio of 1.91 and a beta of 1.95. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Sell-side analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

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.