Vanguard Personalized Indexing Management LLC Has $260,000 Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Vanguard Personalized Indexing Management LLC increased its position in The AZEK Company Inc. (NYSE:AZEK) by 15.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,169 shares of the company’s stock after buying an additional 803 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in AZEK were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AZEK. Amalgamated Bank increased its holdings in AZEK by 19.2% in the second quarter. Amalgamated Bank now owns 9,279 shares of the company’s stock valued at $391,000 after purchasing an additional 1,492 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of AZEK in the 2nd quarter valued at about $86,719,000. Dimensional Fund Advisors LP increased its stake in shares of AZEK by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after buying an additional 118,351 shares during the period. Envestnet Asset Management Inc. raised its position in shares of AZEK by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 203,302 shares of the company’s stock worth $8,565,000 after acquiring an additional 15,317 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of AZEK by 337.7% in the second quarter. Federated Hermes Inc. now owns 18,353 shares of the company’s stock worth $773,000 after acquiring an additional 14,160 shares during the period. Institutional investors own 97.44% of the company’s stock.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $41.75, for a total transaction of $542,750.00. Following the transaction, the chief executive officer now directly owns 1,024,444 shares of the company’s stock, valued at approximately $42,770,537. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.47, for a total transaction of $829,400.00. Following the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at $7,742,656.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $41.75, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer now owns 1,024,444 shares of the company’s stock, valued at approximately $42,770,537. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

AZEK Trading Up 1.5 %

NYSE:AZEK opened at $46.77 on Monday. The AZEK Company Inc. has a one year low of $25.03 and a one year high of $50.78. The company has a market cap of $6.81 billion, a PE ratio of 45.85, a PEG ratio of 1.43 and a beta of 1.87. 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 50-day moving average of $42.81 and a 200-day moving average of $44.92.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. AZEK had a return on equity of 13.38% and a net margin of 11.35%. The firm had revenue of $434.40 million during the quarter, compared to the consensus estimate of $396.89 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts expect that The AZEK Company Inc. will post 1.05 EPS for the current fiscal year.

AZEK declared that its board has authorized a stock buyback plan on Monday, June 17th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the company to reacquire up to 9.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

AZEK has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of AZEK from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, August 13th. UBS Group decreased their price target on AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Citigroup dropped their price objective on AZEK from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Finally, Truist Financial decreased their target price on AZEK from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.24.

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.