Artemis Investment Management LLP Increases Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Artemis Investment Management LLP lifted its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 40.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,057 shares of the company’s stock after purchasing an additional 191,453 shares during the quarter. Artemis Investment Management LLP’s holdings in AZEK were worth $31,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Winthrop Advisory Group LLC purchased a new position in AZEK during the 4th quarter worth $262,000. GAMMA Investing LLC raised its holdings in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares in the last quarter. JPMorgan Chase & Co. lifted its position in AZEK by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock valued at $93,564,000 after purchasing an additional 90,206 shares during the period. Tidal Investments LLC boosted its holdings in AZEK by 69.8% in the 3rd quarter. Tidal Investments LLC now owns 10,587 shares of the company’s stock valued at $495,000 after purchasing an additional 4,352 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in AZEK by 97.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company’s stock worth $572,000 after purchasing an additional 5,553 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Trading Up 0.0 %

AZEK stock opened at $49.91 on Friday. The stock has a market cap of $7.14 billion, a PE ratio of 47.99, a P/E/G ratio of 1.96 and a beta of 1.94. 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 stock has a 50-day moving average price of $49.75 and a 200 day moving average price of $45.58. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91.

Insider Activity at AZEK

In related news, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total value of $1,066,400.00. Following the completion of the sale, the chief executive officer now directly owns 923,765 shares in the company, 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. Over the last 90 days, insiders have sold 41,322 shares of company stock valued at $2,039,170. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

AZEK has been the topic of a number of analyst reports. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $60.00 in a research note on Monday, January 6th. Robert W. Baird increased their price target on shares of AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group raised their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. BMO Capital Markets upped their target price on shares of AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.73.

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.