The AZEK Company Inc. (NYSE:AZEK) Stock Position Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in The AZEK Company Inc. (NYSE:AZEK) by 97.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,229 shares of the company’s stock after buying an additional 5,553 shares during the quarter. Sanctuary Advisors LLC’s holdings in AZEK were worth $572,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of AZEK by 33.8% in the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after buying an additional 3,595,863 shares during the last quarter. FMR LLC raised its stake in shares of AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after acquiring an additional 2,497,074 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in AZEK during the second quarter worth approximately $86,719,000. Interval Partners LP grew its holdings in AZEK by 162.4% during the second quarter. Interval Partners LP now owns 742,749 shares of the company’s stock valued at $31,292,000 after purchasing an additional 459,664 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of AZEK by 73.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company’s stock valued at $47,093,000 after purchasing an additional 425,609 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Transactions at AZEK

In related news, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This trade represents a 9.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the transaction, the chief executive officer now owns 923,765 shares in the company, valued at approximately $49,255,149.80. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. BMO Capital Markets lifted their price objective on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Robert W. Baird increased their target price on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group increased their price objective on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.67.

AZEK Stock Up 0.3 %

Shares of AZEK opened at $49.26 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $48.57 and a two-hundred day moving average price of $45.23. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 47.37, a P/E/G ratio of 2.40 and a beta of 1.92. The AZEK Company Inc. has a 12 month low of $35.38 and a 12 month high of $54.91.

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.