The AZEK Company Inc. (NYSE:AZEK) Shares Sold by KBC Group NV

KBC Group NV lessened its position in The AZEK Company Inc. (NYSE:AZEK) by 45.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,342 shares of the company’s stock after selling 5,265 shares during the period. KBC Group NV’s holdings in AZEK were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd acquired a new stake in AZEK in the fourth quarter valued at about $28,000. NBC Securities Inc. acquired a new stake in shares of AZEK in the 1st quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AZEK by 623.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock valued at $33,000 after buying an additional 592 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of AZEK by 261.4% in the first quarter. Parallel Advisors LLC now owns 683 shares of the company’s stock valued at $33,000 after buying an additional 494 shares in the last quarter. Finally, Avalon Trust Co acquired a new position in AZEK during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the sale, the chief executive officer owned 852,765 shares in the company, valued at $43,832,121. The trade was a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AZEK. William Blair reiterated a “market perform” rating on shares of AZEK in a report on Monday, March 24th. Loop Capital dropped their target price on shares of AZEK from $55.00 to $49.00 and set a “hold” rating for the company in a report on Thursday, April 17th. BMO Capital Markets boosted their price target on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, March 24th. Baird R W downgraded AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Stephens decreased their target price on AZEK from $58.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.93.

AZEK Price Performance

NYSE:AZEK opened at $54.35 on Friday. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 53.28 and a beta of 1.82. The company’s 50-day moving average is $51.53 and its two-hundred day moving average is $48.87. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.29.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. AZEK had a net margin of 9.92% and a return on equity of 13.87%. AZEK’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. Research analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current year.

AZEK 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.