The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. reduced its stake in The AZEK Company Inc. (NYSE:AZEK) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,150 shares of the company’s stock after selling 1,075 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in AZEK were worth $387,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AZEK. ORG Wealth Partners LLC purchased a new position in AZEK in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC raised its position in shares of AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after buying an additional 487 shares during the last quarter. Paladin Wealth LLC acquired a new position in shares of AZEK in the third quarter valued at approximately $39,000. GAMMA Investing LLC lifted its stake in shares of AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after buying an additional 239 shares during the period. Finally, Blue Trust Inc. boosted its position in AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Performance

Shares of AZEK stock opened at $50.83 on Tuesday. The company’s fifty day simple moving average is $50.37 and its 200-day simple moving average is $46.25. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The company has a market cap of $7.27 billion, a PE ratio of 48.88, a P/E/G ratio of 2.23 and a beta of 1.94.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Truist Financial upped their target price on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. DA Davidson upped their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada raised their target price on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, AZEK has a consensus rating of “Moderate Buy” and an average target price of $53.73.

Insider Activity at AZEK

In other news, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on 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 transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $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 can be accessed through this link. Also, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 923,765 shares of the company’s stock, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,322 shares of company stock worth $2,039,170. Corporate insiders own 3.20% of the company’s stock.

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.