Corient Private Wealth LLC Has $27.81 Million Stake in The AZEK Company Inc. (NYSE:AZEK)

Corient Private Wealth LLC reduced its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 585,929 shares of the company’s stock after selling 14,539 shares during the quarter. Corient Private Wealth LLC’s holdings in AZEK were worth $27,814,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AZEK. Empowered Funds LLC acquired a new stake in shares of AZEK during the fourth quarter worth approximately $27,000. Avalon Trust Co acquired a new stake in shares of AZEK during the 4th quarter valued at $38,000. GAMMA Investing LLC grew its holdings in shares of AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after acquiring an additional 239 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AZEK in the third quarter worth $59,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of AZEK during the third quarter worth $84,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AZEK shares. Truist Financial raised their price target on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their target price on shares of AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. DA Davidson lifted their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets increased their target price on shares of AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.85.

AZEK Stock Down 1.7 %

Shares of AZEK stock opened at $40.77 on Wednesday. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91. 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 stock has a fifty day moving average price of $47.56 and a 200 day moving average price of $47.18. The stock has a market cap of $5.86 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last issued its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the sale, the chief executive officer now owns 883,765 shares of the company’s stock, valued at $44,258,951.20. This represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 55,000 shares of company stock worth $2,518,624 in the last three months. Insiders own 3.20% of the company’s stock.

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.