Leeward Investments LLC MA Sells 30,798 Shares of The AZEK Company Inc. (NYSE:AZEK)

Leeward Investments LLC MA cut its holdings in The AZEK Company Inc. (NYSE:AZEK) by 17.1% during the 4th quarter, Holdings Channel reports. The firm owned 149,018 shares of the company’s stock after selling 30,798 shares during the period. Leeward Investments LLC MA’s holdings in AZEK were worth $7,074,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. TimesSquare Capital Management LLC grew its position in shares of AZEK by 5.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 817,963 shares of the company’s stock worth $38,829,000 after buying an additional 45,324 shares during the last quarter. Truist Financial Corp boosted its holdings in AZEK by 1.6% in the fourth quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock valued at $793,000 after acquiring an additional 255 shares in the last quarter. CIBC Asset Management Inc purchased a new position in AZEK during the 4th quarter valued at $213,000. Sanctuary Advisors LLC raised its holdings in AZEK by 6.1% in the 4th quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company’s stock worth $620,000 after purchasing an additional 689 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of AZEK by 1,047.4% in the 4th quarter. Principal Financial Group Inc. now owns 135,364 shares of the company’s stock worth $6,426,000 after purchasing an additional 123,567 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Down 4.2 %

Shares of NYSE:AZEK opened at $46.16 on Monday. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $49.36 and a two-hundred day simple moving average of $46.91. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.98 and a beta of 1.94.

AZEK (NYSE:AZEK) last issued its quarterly 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 return on equity of 13.47% and a net margin of 9.85%. On average, research analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AZEK shares. JPMorgan Chase & Co. boosted their price target on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. The Goldman Sachs Group lifted their price objective on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup raised AZEK from a “neutral” rating to a “buy” rating and increased their target price for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Finally, Barclays upped their price target on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Four equities 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.85.

Insiders Place Their Bets

In related news, CMO Samara Toole sold 1,709 shares of the stock in a transaction 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 sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jesse G. Singh sold 19,613 shares of AZEK stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the completion of the sale, the chief executive officer now owns 904,152 shares of the company’s stock, valued at $40,668,756.96. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,709 shares of company stock valued at $3,060,151. Insiders own 3.20% of the company’s stock.

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.