Blue Trust Inc. Has $85,000 Holdings in The AZEK Company Inc. (NYSE:AZEK)

Blue Trust Inc. lifted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 94.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,808 shares of the company’s stock after purchasing an additional 877 shares during the quarter. Blue Trust Inc.’s holdings in AZEK were worth $85,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new position in AZEK during the 3rd quarter worth $31,000. Farther Finance Advisors LLC grew its holdings in shares of AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of AZEK in the third quarter worth $39,000. GAMMA Investing LLC raised its stake in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in AZEK during the third quarter worth about $59,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Stock Performance

AZEK stock opened at $50.11 on Friday. The business has a 50 day moving average of $50.23 and a 200-day moving average of $46.40. The company has a market capitalization of $7.17 billion, a P/E ratio of 48.18, a P/E/G ratio of 2.23 and a beta of 1.94. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 10.68% and a return on equity of 12.68%. On average, equities research analysts predict that The AZEK Company Inc. will post 1.28 earnings per share for the current year.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $44.98, for a total transaction of $882,192.74. Following the completion of the transaction, the chief executive officer now owns 904,152 shares in the company, valued at approximately $40,668,756.96. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Samara Toole sold 1,709 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 41,322 shares of company stock valued at $2,039,170 in the last three months. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AZEK. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $60.00 in a report on Monday, January 6th. Robert W. Baird lifted their price objective on shares of AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday. Benchmark restated a “buy” rating and set a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Royal Bank of Canada upped their price objective on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AZEK presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.85.

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.