Axiom Investors LLC DE Sells 54,190 Shares of The AZEK Company Inc. (NYSE:AZEK)

Axiom Investors LLC DE decreased its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,215 shares of the company’s stock after selling 54,190 shares during the period. Axiom Investors LLC DE owned approximately 0.09% of AZEK worth $6,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AZEK. Empowered Funds LLC bought a new position in AZEK during the fourth quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AZEK by 623.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after purchasing an additional 592 shares during the period. Avalon Trust Co acquired a new stake in shares of AZEK in the fourth quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after buying an additional 239 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in AZEK during the 3rd quarter worth $59,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analyst Upgrades and Downgrades

AZEK has been the topic of a number of recent analyst reports. Stephens cut AZEK from an “overweight” rating to a “mixed” rating in a research report on Monday, March 24th. Wolfe Research restated a “peer perform” rating on shares of AZEK in a research report on Wednesday, March 26th. BMO Capital Markets increased their price target on shares of AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, March 24th. The Goldman Sachs Group boosted their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Baird R W downgraded AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.32.

Insider Activity

In related news, CEO Jesse G. Singh sold 20,387 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the sale, the chief executive officer now owns 883,765 shares in the company, valued at $44,258,951.20. This represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is currently owned by insiders.

AZEK Trading Down 0.3 %

Shares of NYSE AZEK opened at $49.65 on Monday. The stock has a market cap of $7.13 billion, a P/E ratio of 50.15, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95. The firm has a 50 day moving average price of $47.40 and a two-hundred day moving average price of $47.45. 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 AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91.

AZEK (NYSE:AZEK) last announced its earnings results 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%. As a group, equities analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current year.

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.