LPL Financial LLC Acquires 5,589 Shares of The AZEK Company Inc. (NYSE:AZEK)

LPL Financial LLC increased its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,247 shares of the company’s stock after acquiring an additional 5,589 shares during the period. LPL Financial LLC’s holdings in AZEK were worth $1,768,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp increased its holdings in AZEK by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company’s stock worth $1,052,000 after acquiring an additional 4,454 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of AZEK in the third quarter worth $216,000. Barclays PLC raised its position in shares of AZEK by 96.0% during the 3rd quarter. Barclays PLC now owns 191,588 shares of the company’s stock valued at $8,966,000 after purchasing an additional 93,819 shares during the period. Geode Capital Management LLC lifted its stake in shares of AZEK by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock valued at $109,105,000 after buying an additional 12,644 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in AZEK by 97.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company’s stock worth $572,000 after buying an additional 5,553 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Performance

NYSE AZEK opened at $46.34 on Thursday. The company’s fifty day moving average is $46.15 and its two-hundred day moving average is $47.54. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 46.81, a P/E/G ratio of 1.91 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $41.03, for a total value of $615,450.00. Following the transaction, the chief executive officer now owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

AZEK has been the subject of several research reports. William Blair reiterated a “market perform” rating on shares of AZEK in a research report on Monday, March 24th. Baird R W downgraded AZEK from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Stephens cut AZEK from an “overweight” rating to a “mixed” rating in a report on Monday, March 24th. BMO Capital Markets raised their price target on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, March 24th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $53.00 target price (down previously from $58.00) on shares of AZEK in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, AZEK currently has a consensus rating of “Hold” and an average price target of $53.40.

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.