The AZEK Company Inc. (NYSE:AZEK) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC boosted its holdings in The AZEK Company Inc. (NYSE:AZEK) by 834.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 410,233 shares of the company’s stock after buying an additional 366,352 shares during the quarter. Gradient Investments LLC’s holdings in AZEK were worth $19,474,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in shares of AZEK in the 3rd quarter worth $31,000. Farther Finance Advisors LLC increased its stake in AZEK by 183.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new stake in AZEK during the 3rd quarter worth about $39,000. GAMMA Investing LLC lifted its stake in 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 buying an additional 239 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares during the period. Institutional investors own 97.44% of the company’s stock.

AZEK Stock Down 1.0 %

AZEK stock opened at $50.57 on Friday. The firm has a market cap of $7.23 billion, a PE ratio of 48.63, a PEG ratio of 2.28 and a beta of 1.94. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a fifty day simple moving average of $50.10 and a 200 day simple moving average of $45.89. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AZEK shares. DA Davidson upped their price target on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and increased their target price for the company from $51.00 to $60.00 in a report on Monday, January 6th. BMO Capital Markets upped their price target on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Barclays upped their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, AZEK has an average rating of “Moderate Buy” and a consensus price target of $53.73.

Insider Buying and Selling at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the sale, the chief executive officer now directly owns 923,765 shares of the company’s stock, valued at approximately $49,255,149.80. This represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of AZEK 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 transaction, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock worth $2,039,170 over the last three months. Corporate insiders own 3.20% of the company’s stock.

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.