Wealth Enhancement Advisory Services LLC Has $450,000 Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Wealth Enhancement Advisory Services LLC decreased its stake in The AZEK Company Inc. (NYSE:AZEK) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,610 shares of the company’s stock after selling 826 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AZEK were worth $450,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AZEK. Lecap Asset Management Ltd. raised its holdings in shares of AZEK by 16.3% during the third quarter. Lecap Asset Management Ltd. now owns 47,308 shares of the company’s stock worth $2,214,000 after acquiring an additional 6,615 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of AZEK during the 3rd quarter worth about $243,000. Raymond James & Associates lifted its holdings in shares of AZEK by 6.4% during the 3rd quarter. Raymond James & Associates now owns 129,371 shares of the company’s stock valued at $6,055,000 after buying an additional 7,748 shares during the last quarter. Blue Trust Inc. grew its stake in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after buying an additional 480 shares in the last quarter. Finally, Creative Planning increased its holdings in AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after buying an additional 430 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Transactions at AZEK

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research note on Friday, October 4th. Barclays reduced their price objective on shares of AZEK from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada lowered their target price on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of AZEK in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered their price objective on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.12.

AZEK Stock Performance

NYSE AZEK opened at $47.07 on Friday. The company’s fifty day moving average is $44.26 and its two-hundred day moving average is $44.18. The AZEK Company Inc. has a 52-week low of $27.81 and a 52-week high of $50.78. 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 has a market capitalization of $6.81 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 1.14 and a beta of 1.88.

AZEK (NYSE:AZEK) last released its earnings results 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 return on equity of 13.38% and a net margin of 11.35%. The business had revenue of $434.40 million for the quarter, compared to the consensus estimate of $396.89 million. During the same period last year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that The AZEK Company Inc. will post 1.05 EPS for the current year.

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.