Handelsbanken Fonder AB Increases Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Handelsbanken Fonder AB boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 25.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,800 shares of the company’s stock after acquiring an additional 5,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in AZEK were worth $987,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AZEK. Alliance Wealth Advisors LLC UT boosted its holdings in shares of AZEK by 4.1% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 13,044 shares of the company’s stock valued at $388,000 after buying an additional 515 shares in the last quarter. First Dallas Securities Inc. grew its holdings in AZEK by 5.8% in the third quarter. First Dallas Securities Inc. now owns 10,050 shares of the company’s stock worth $299,000 after purchasing an additional 550 shares during the last quarter. Mariner LLC increased its position in shares of AZEK by 4.4% during the third quarter. Mariner LLC now owns 16,398 shares of the company’s stock worth $488,000 after purchasing an additional 687 shares in the last quarter. CWM LLC lifted its holdings in shares of AZEK by 81.3% during the 4th quarter. CWM LLC now owns 2,022 shares of the company’s stock valued at $77,000 after purchasing an additional 907 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in AZEK by 13.1% in the third quarter. Orion Portfolio Solutions LLC now owns 9,062 shares of the company’s stock valued at $270,000 after buying an additional 1,049 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,083,444 shares in the company, valued at $52,330,345.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $48.30, for a total transaction of $627,900.00. Following the completion of the transaction, the chief executive officer now owns 1,083,444 shares in the company, valued at approximately $52,330,345.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michelle A. Kasson sold 94,431 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $49.47, for a total transaction of $4,671,501.57. Following the completion of the transaction, the insider now directly owns 23,544 shares in the company, valued at $1,164,721.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,431 shares of company stock valued at $6,356,622. 3.10% of the stock is owned by company insiders.

AZEK Price Performance

NYSE:AZEK opened at $46.13 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.99 and a quick ratio of 1.67. The company has a 50 day moving average price of $47.84 and a 200-day moving average price of $39.30. The AZEK Company Inc. has a 1-year low of $23.08 and a 1-year high of $50.78. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 58.39, a price-to-earnings-growth ratio of 1.49 and a beta of 1.92.

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 analysts’ consensus estimates of $0.03 by $0.05. AZEK had a net margin of 8.57% and a return on equity of 9.61%. The company had revenue of $240.44 million during the quarter, compared to analysts’ expectations of $234.12 million. Equities research analysts forecast that The AZEK Company Inc. will post 1.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AZEK shares. Stifel Nicolaus boosted their price target on AZEK from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Stephens upped their price target on shares of AZEK from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. B. Riley lifted their price objective on shares of AZEK from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. TheStreet upgraded AZEK from a “c+” rating to a “b-” rating in a research note on Wednesday, January 31st. Finally, Robert W. Baird boosted their price target on AZEK from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, AZEK currently has a consensus rating of “Moderate Buy” and an average target price of $44.11.

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.