The AZEK Company Inc. (NYSE:AZEK) Shares Sold by NBC Securities Inc.

NBC Securities Inc. lessened its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,585 shares of the company’s stock after selling 1,100 shares during the quarter. NBC Securities Inc.’s holdings in AZEK were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AZEK. UBS Group AG lifted its stake in shares of AZEK by 245.4% during the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock worth $2,099,000 after purchasing an additional 50,158 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of AZEK by 6.8% during the third quarter. Rhumbline Advisers now owns 146,293 shares of the company’s stock worth $4,351,000 after purchasing an additional 9,335 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of AZEK by 85.8% in the third quarter. PNC Financial Services Group Inc. now owns 23,024 shares of the company’s stock worth $685,000 after acquiring an additional 10,635 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of AZEK in the third quarter worth about $200,000. Finally, Rafferty Asset Management LLC lifted its stake in shares of AZEK by 35.3% in the third quarter. Rafferty Asset Management LLC now owns 35,985 shares of the company’s stock worth $1,070,000 after acquiring an additional 9,380 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Down 0.1 %

NYSE:AZEK opened at $46.73 on Friday. The firm has a market capitalization of $6.90 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 1.47 and a beta of 1.91. The stock has a 50 day moving average of $46.26 and a 200-day moving average of $43.88. The AZEK Company Inc. has a 52 week low of $25.03 and a 52 week high of $50.78. The company has a current ratio of 3.40, a quick ratio of 1.67 and a debt-to-equity ratio of 0.42.

Analyst Ratings Changes

Several research firms recently commented on AZEK. Benchmark began coverage on AZEK in a research note on Friday, April 19th. They issued a “buy” rating and a $55.00 price target on the stock. Barclays boosted their price target on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Truist Financial reiterated a “buy” rating and issued a $57.00 price target on shares of AZEK in a research note on Tuesday. Robert W. Baird cut their price target on AZEK from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Finally, Citigroup boosted their price target on AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.33.

Insider Activity

In other news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total transaction of $627,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,083,444 shares of the company’s stock, valued at $52,330,345.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total transaction of $627,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,083,444 shares of the company’s stock, valued at $52,330,345.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Skelly sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $46.72, for a total value of $560,640.00. Following the transaction, the insider now owns 190,134 shares of the company’s stock, valued at $8,883,060.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,000 shares of company stock valued at $1,786,150. 3.10% of the stock is currently owned by insiders.

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.