Shufro Rose & Co. LLC Sells 1,500 Shares of The AZEK Company Inc. (NYSE:AZEK)

Shufro Rose & Co. LLC decreased its position in The AZEK Company Inc. (NYSE:AZEK) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,900 shares of the company’s stock after selling 1,500 shares during the quarter. Shufro Rose & Co. LLC’s holdings in AZEK were worth $455,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new position in AZEK during the third quarter valued at about $31,000. CWM LLC grew its position in AZEK by 81.3% during the fourth quarter. CWM LLC now owns 2,022 shares of the company’s stock valued at $77,000 after buying an additional 907 shares during the period. CI Investments Inc. bought a new position in AZEK during the third quarter valued at about $153,000. Federated Hermes Inc. grew its position in AZEK by 80.4% during the fourth quarter. Federated Hermes Inc. now owns 4,353 shares of the company’s stock valued at $167,000 after buying an additional 1,940 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in AZEK during the third quarter valued at about $200,000. Institutional investors own 97.44% of the company’s stock.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.34, for a total value of $589,420.00. Following the sale, the chief executive officer now directly owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.34, for a total value of $589,420.00. Following the sale, the chief executive officer now directly owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle A. Kasson sold 94,431 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.47, for a total transaction of $4,671,501.57. Following the completion of the sale, the insider now directly owns 23,544 shares in the company, valued at $1,164,721.68. The disclosure for this sale can be found here. Insiders have sold 130,431 shares of company stock valued at $6,356,622 over the last three months. 3.10% of the stock is owned by corporate insiders.

AZEK Trading Up 1.3 %

Shares of AZEK stock opened at $46.13 on Monday. The AZEK Company Inc. has a 12-month low of $23.08 and a 12-month high of $50.78. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 1.49 and a beta of 1.92. The company has a current ratio of 2.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $47.84 and its 200-day moving average price is $39.30.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. AZEK had a net margin of 8.57% and a return on equity of 9.61%. The firm had revenue of $240.44 million for the quarter, compared to the consensus estimate of $234.12 million. On average, equities analysts expect that The AZEK Company Inc. will post 1.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AZEK has been the subject of several research reports. BMO Capital Markets increased their price target on shares of AZEK from $39.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Robert W. Baird increased their price target on shares of AZEK from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Barclays increased their price target on shares of AZEK from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Benchmark initiated coverage on shares of AZEK in a research report on Friday, April 19th. They set a “buy” rating and a $55.00 target price for the company. Finally, Stephens increased their target price on shares of AZEK from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.11.

About AZEK

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.