Treasurer of the State of North Carolina Grows Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Treasurer of the State of North Carolina lifted its position in shares of The AZEK Company Inc. (NYSE:AZEKFree Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,496 shares of the company’s stock after purchasing an additional 570 shares during the period. Treasurer of the State of North Carolina’s holdings in AZEK were worth $2,237,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in AZEK by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,092,176 shares of the company’s stock worth $41,776,000 after buying an additional 20,912 shares during the period. Redwood Investments LLC bought a new stake in AZEK in the fourth quarter valued at $2,893,000. Lecap Asset Management Ltd. bought a new stake in AZEK in the fourth quarter valued at $1,134,000. Massachusetts Financial Services Co. MA increased its position in AZEK by 7.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,632,693 shares of the company’s stock valued at $291,951,000 after purchasing an additional 516,523 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in AZEK by 25.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,462,185 shares of the company’s stock worth $55,929,000 after purchasing an additional 293,895 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $45.97, for a total transaction of $597,610.00. Following the transaction, the chief executive officer now owns 1,070,444 shares in the company, valued at $49,208,310.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

AZEK Trading Down 1.5 %

AZEK stock opened at $44.59 on Friday. The AZEK Company Inc. has a one year low of $25.03 and a one year high of $50.78. The business’s fifty day moving average is $46.79 and its 200 day moving average is $42.92. The stock has a market capitalization of $6.59 billion, a PE ratio of 56.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.99 and a quick ratio of 1.67.

Analyst Ratings Changes

Several brokerages recently issued reports on AZEK. Citigroup boosted their price target on shares of AZEK from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Barclays increased their target price on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Robert W. Baird dropped their price target on AZEK from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. BMO Capital Markets increased their price objective on AZEK from $39.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Benchmark started coverage on shares of AZEK in a report on Friday, April 19th. They set a “buy” rating and a $55.00 target price on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.83.

View Our Latest Stock Report on AZEK

AZEK Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AZEK (NYSE:AZEK)

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