Hodges Capital Management Inc. Has $1.06 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Hodges Capital Management Inc. lowered its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 54.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the company’s stock after selling 25,050 shares during the period. Hodges Capital Management Inc.’s holdings in AZEK were worth $1,055,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in AZEK during the first quarter worth approximately $11,683,000. Congress Asset Management Co. MA grew its stake in AZEK by 26.3% during the first quarter. Congress Asset Management Co. MA now owns 237,326 shares of the company’s stock worth $11,919,000 after purchasing an additional 49,460 shares during the period. Charles Schwab Investment Management Inc. grew its stake in AZEK by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,092,176 shares of the company’s stock worth $41,776,000 after purchasing an additional 20,912 shares during the period. Redwood Investments LLC acquired a new stake in AZEK during the fourth quarter worth approximately $2,893,000. Finally, Lecap Asset Management Ltd. acquired a new stake in AZEK during the fourth quarter worth approximately $1,134,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $45.97, for a total transaction of $597,610.00. Following the completion of the transaction, the chief executive officer now directly owns 1,070,444 shares of the company’s stock, valued at $49,208,310.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $45.97, for a total value of $597,610.00. Following the completion of the transaction, the chief executive officer now directly owns 1,070,444 shares in the company, valued at $49,208,310.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Skelly sold 12,000 shares of the company’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 transaction of $560,640.00. Following the sale, the insider now directly owns 190,134 shares in the company, valued at approximately $8,883,060.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,000 shares of company stock worth $1,786,150. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on AZEK. Barclays raised their target price on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Citigroup increased their price target on AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. 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 report on Thursday, May 9th. Truist Financial reiterated a “buy” rating and issued a $57.00 price target on shares of AZEK in a report on Tuesday, June 18th. Finally, Benchmark began coverage on AZEK in a report on Friday, April 19th. They issued a “buy” rating and a $55.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.33.

AZEK Stock Up 1.2 %

AZEK stock opened at $42.13 on Friday. The stock’s 50 day moving average is $45.86 and its 200-day moving average is $44.29. The firm has a market capitalization of $6.13 billion, a PE ratio of 41.30, a P/E/G ratio of 1.30 and a beta of 1.91. The AZEK Company Inc. has a twelve month low of $25.03 and a twelve month high of $50.78. The company has a quick ratio of 2.21, a current ratio of 3.40 and a debt-to-equity ratio of 0.42.

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.