New York State Common Retirement Fund Cuts Holdings in The AZEK Company Inc. (NYSE:AZEK)

New York State Common Retirement Fund lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 35.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,146 shares of the company’s stock after selling 97,973 shares during the period. New York State Common Retirement Fund’s holdings in AZEK were worth $6,852,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. BluePath Capital Management LLC acquired a new position in shares of AZEK during the 3rd quarter worth $31,000. CWM LLC increased its holdings in AZEK by 81.3% in the fourth quarter. CWM LLC now owns 2,022 shares of the company’s stock valued at $77,000 after buying an additional 907 shares in the last quarter. CI Investments Inc. acquired a new stake in shares of AZEK during the 3rd quarter valued at approximately $153,000. Federated Hermes Inc. boosted its stake in shares of AZEK by 80.4% during the 4th quarter. Federated Hermes Inc. now owns 4,353 shares of the company’s stock worth $167,000 after acquiring an additional 1,940 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of AZEK in the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.34, for a total transaction of $589,420.00. Following the completion of the sale, the chief executive officer now directly owns 1,184,444 shares in the company, valued at $53,702,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.34, for a total transaction of $589,420.00. Following the transaction, the chief executive officer now directly owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan Skelly sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $46.78, for a total transaction of $467,800.00. Following the completion of the sale, the insider now directly owns 180,784 shares of the company’s stock, valued at approximately $8,457,075.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,431 shares of company stock valued at $6,356,622. 3.10% of the stock is currently owned by company insiders.

AZEK Trading Up 1.7 %

NYSE AZEK opened at $46.51 on Friday. The company has a 50-day moving average of $47.88 and a 200-day moving average of $39.65. 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 AZEK Company Inc. has a 12 month low of $23.08 and a 12 month high of $50.78. The company has a market cap of $6.87 billion, a P/E ratio of 58.87, a P/E/G ratio of 1.47 and a beta of 1.93.

AZEK (NYSE:AZEK) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $240.44 million for the quarter, compared to the consensus estimate of $234.12 million. AZEK had a net margin of 8.57% and a return on equity of 9.61%. As a group, equities analysts predict that The AZEK Company Inc. will post 1.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

AZEK has been the topic of a number of research analyst reports. Benchmark started coverage on AZEK in a research report on Friday, April 19th. They set a “buy” rating and a $55.00 target price on the stock. Stifel Nicolaus raised their target price on shares of AZEK from $44.00 to $52.00 and gave the company a “buy” rating in a report 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 report on Wednesday, February 7th. Citigroup raised their price objective on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, B. Riley lifted 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. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.