The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 748,411 shares of the company’s stock after selling 79,020 shares during the period. Segall Bryant & Hamill LLC’s holdings in AZEK were worth $35,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of AZEK during the 4th quarter valued at approximately $27,000. Avalon Trust Co acquired a new stake in AZEK during the fourth quarter worth $38,000. GAMMA Investing LLC raised its position in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AZEK in the 3rd quarter valued at $59,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of AZEK during the 3rd quarter worth $84,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,387 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 883,765 shares in the company, valued at approximately $44,258,951.20. The trade was a 2.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AZEK has been the topic of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of AZEK in a research report on Monday. Barclays increased their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and raised their price target for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Finally, BMO Capital Markets boosted their price objective on AZEK from $54.00 to $57.00 and gave the company a “market perform” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AZEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.93.

AZEK Stock Up 17.6 %

AZEK stock opened at $48.67 on Tuesday. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The company’s 50 day moving average price is $47.39 and its 200 day moving average price is $47.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, equities research analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current fiscal 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.