Congress Wealth Management LLC DE Has $4.53 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

Congress Wealth Management LLC DE boosted its holdings in The AZEK Company Inc. (NYSE:AZEK) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,318 shares of the company’s stock after purchasing an additional 6,073 shares during the quarter. Congress Wealth Management LLC DE owned 0.07% of AZEK worth $4,525,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of AZEK by 33.8% in the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after buying an additional 3,595,863 shares in the last quarter. FMR LLC raised its holdings in AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after acquiring an additional 2,497,074 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of AZEK by 73.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company’s stock valued at $47,093,000 after acquiring an additional 425,609 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of AZEK during the 4th quarter worth $19,436,000. Finally, Gradient Investments LLC increased its position in shares of AZEK by 834.9% in the fourth quarter. Gradient Investments LLC now owns 410,233 shares of the company’s stock worth $19,474,000 after purchasing an additional 366,352 shares during the period. Institutional investors own 97.44% of the company’s stock.

AZEK Stock Up 0.7 %

NYSE:AZEK opened at $48.92 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91. The firm’s 50 day simple moving average is $47.42 and its 200 day simple moving average is $47.28. The company has a market cap of $7.03 billion, a PE ratio of 49.41, a P/E/G ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping 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, research analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AZEK shares. Barclays upped their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Robert W. Baird reiterated a “neutral” rating and set a $53.00 price target (down previously from $58.00) on shares of AZEK in a research report on Monday. Baird R W downgraded shares of AZEK from a “strong-buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada raised 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. Finally, BMO Capital Markets boosted their price target on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.32.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the sale, the chief executive officer now directly owns 883,765 shares in the company, valued at $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 55,000 shares of company stock worth $2,518,624 over the last ninety days. 3.20% of the stock is owned by insiders.

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.