The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in The AZEK Company Inc. (NYSE:AZEK) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,918 shares of the company’s stock after acquiring an additional 689 shares during the quarter. Sanctuary Advisors LLC’s holdings in AZEK were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in AZEK during the 4th quarter worth about $27,000. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 487 shares during the period. GAMMA Investing LLC raised its holdings in AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after buying an additional 239 shares during the period. Blue Trust Inc. raised its holdings in AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in AZEK during the 3rd quarter worth about $59,000. 97.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AZEK news, CMO Samara Toole sold 1,709 shares of the company’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 sale, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse G. Singh sold 20,387 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the sale, the chief executive officer now directly owns 883,765 shares of the company’s stock, valued at $44,258,951.20. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,709 shares of company stock valued at $3,060,151 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

AZEK Trading Up 2.2 %

NYSE:AZEK opened at $46.85 on Friday. The stock’s 50 day moving average price is $48.97 and its 200 day moving average price is $47.06. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The company has a market capitalization of $6.73 billion, a P/E ratio of 47.32, a P/E/G ratio of 1.91 and a beta of 1.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, research analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Analyst Ratings Changes

AZEK has been the topic of a number of research reports. BMO Capital Markets upped their target price on AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Thursday, February 6th. Royal Bank of Canada upped their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson upped their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Robert W. Baird upped their target price on AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, AZEK currently has a consensus rating of “Moderate Buy” and an average target price of $54.85.

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.