US Bancorp DE Sells 2,058 Shares of The AZEK Company Inc. (NYSE:AZEK)

US Bancorp DE lowered its position in The AZEK Company Inc. (NYSE:AZEK) by 16.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,444 shares of the company’s stock after selling 2,058 shares during the period. US Bancorp DE’s holdings in AZEK were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZEK. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of AZEK by 8.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock worth $31,415,000 after purchasing an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AZEK by 105.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after purchasing an additional 31,193 shares in the last quarter. State Street Corp increased its holdings in shares of AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after purchasing an additional 45,774 shares in the last quarter. Algert Global LLC increased its holdings in shares of AZEK by 18.5% in the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock worth $5,590,000 after purchasing an additional 18,690 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of AZEK by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock worth $93,564,000 after purchasing an additional 90,206 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AZEK. JPMorgan Chase & Co. lifted their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. BMO Capital Markets lifted their target price on AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Thursday, February 6th. DA Davidson lifted their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group lifted their target price on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays lifted their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, AZEK has a consensus rating of “Moderate Buy” and an average price target of $54.85.

Insider Transactions at AZEK

In other news, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at approximately $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jesse G. Singh sold 20,387 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the transaction, the chief executive officer now owns 883,765 shares in the company, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 76,709 shares of company stock valued at $3,675,601. Insiders own 3.20% of the company’s stock.

AZEK Stock Up 1.1 %

AZEK stock opened at $40.53 on Thursday. The firm has a market cap of $5.82 billion, a PE ratio of 40.94, a PEG ratio of 1.91 and a beta of 1.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The firm’s 50 day moving average price is $48.11 and its 200-day moving average price is $47.20. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91.

AZEK (NYSE:AZEK) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, equities research analysts anticipate that The AZEK Company Inc. will post 1.34 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.