NBC Securities Inc. Sells 10,382 Shares of The AZEK Company Inc. (NYSE:AZEK)

NBC Securities Inc. lowered its position in The AZEK Company Inc. (NYSE:AZEK) by 94.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 603 shares of the company’s stock after selling 10,382 shares during the quarter. NBC Securities Inc.’s holdings in AZEK were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZEK. ORG Wealth Partners LLC purchased a new position in AZEK in the 3rd quarter worth $31,000. ORG Partners LLC purchased a new position in shares of AZEK in the first quarter worth about $35,000. Whittier Trust Co. purchased a new position in shares of AZEK in the first quarter worth about $37,000. Paladin Wealth LLC bought a new stake in shares of AZEK in the 3rd quarter valued at about $39,000. Finally, Versant Capital Management Inc boosted its holdings in AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after acquiring an additional 1,254 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Down 2.1 %

NYSE:AZEK opened at $43.20 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The firm’s 50-day moving average price is $43.47 and its 200-day moving average price is $44.47. The company has a market capitalization of $6.29 billion, a PE ratio of 42.35, a P/E/G ratio of 1.10 and a beta of 1.88. The AZEK Company Inc. has a 1-year low of $25.03 and a 1-year high of $50.78.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. AZEK had a net margin of 11.35% and a return on equity of 13.38%. The business had revenue of $434.40 million for the quarter, compared to analysts’ expectations of $396.89 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that The AZEK Company Inc. will post 1.05 EPS for the current fiscal year.

Insider Activity at AZEK

In related news, Director Pamela J. Edwards bought 600 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $41.70 per share, with a total value of $25,020.00. Following the completion of the purchase, the director now owns 8,708 shares in the company, valued at approximately $363,123.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.47, for a total value of $829,400.00. Following the transaction, the chief executive officer now directly owns 186,705 shares of the company’s stock, valued at approximately $7,742,656.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pamela J. Edwards bought 600 shares of AZEK stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $41.70 per share, with a total value of $25,020.00. Following the acquisition, the director now owns 8,708 shares in the company, valued at approximately $363,123.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on AZEK from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets lowered their price target on shares of AZEK from $50.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Truist Financial cut their price target on shares of AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of AZEK in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut their target price on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.94.

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.