Alliance Wealth Advisors LLC UT Buys 1,111 Shares of The AZEK Company Inc. (NYSE:AZEK)

Alliance Wealth Advisors LLC UT lifted its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,144 shares of the company’s stock after purchasing an additional 1,111 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in AZEK were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AZEK. Wellington Management Group LLP increased its holdings in shares of AZEK by 33.8% during the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after buying an additional 3,595,863 shares in the last quarter. FMR LLC increased its holdings in AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock worth $318,782,000 after purchasing an additional 2,497,074 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in AZEK by 73.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company’s stock valued at $47,093,000 after purchasing an additional 425,609 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of AZEK by 834.9% during the fourth quarter. Gradient Investments LLC now owns 410,233 shares of the company’s stock valued at $19,474,000 after purchasing an additional 366,352 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of AZEK by 38.7% during the third quarter. The Manufacturers Life Insurance Company now owns 719,568 shares of the company’s stock worth $33,676,000 after purchasing an additional 200,746 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Price Performance

Shares of NYSE AZEK opened at $50.83 on Tuesday. 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 firm’s 50-day moving average price is $50.37 and its 200-day moving average price is $46.25. The firm has a market capitalization of $7.27 billion, a P/E ratio of 48.88, a P/E/G ratio of 2.23 and a beta of 1.94. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91.

Insider Buying and Selling at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Samara Toole sold 1,709 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 owns 16,632 shares in the company, valued at $881,496. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,322 shares of company stock valued at $2,039,170. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Truist Financial lifted their price target on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets raised their target price on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group lifted their target price on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.73.

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.