Impax Asset Management Group plc Trims Stake in The AZEK Company Inc. (NYSE:AZEK)

Impax Asset Management Group plc reduced its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,537,176 shares of the company’s stock after selling 29,275 shares during the period. Impax Asset Management Group plc’s holdings in AZEK were worth $72,155,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AZEK. Creative Planning increased its stake in AZEK by 6.6% during the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after buying an additional 430 shares during the period. Blue Trust Inc. increased its holdings in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after acquiring an additional 480 shares during the last quarter. Raymond James & Associates raised its position in shares of AZEK by 6.4% during the 3rd quarter. Raymond James & Associates now owns 129,371 shares of the company’s stock worth $6,055,000 after acquiring an additional 7,748 shares in the last quarter. Private Advisor Group LLC acquired a new stake in AZEK during the third quarter worth approximately $243,000. Finally, Diversify Wealth Management LLC lifted its position in shares of AZEK by 14.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 10,339 shares of the company’s stock worth $484,000 after buying an additional 1,317 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Trading Down 4.2 %

AZEK stock opened at $46.16 on Monday. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The stock has a market cap of $6.63 billion, a PE ratio of 46.63, a P/E/G ratio of 1.98 and a beta of 1.94. The stock has a 50-day moving average price of $49.36 and a 200 day moving average price of $46.91. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK) last released its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) 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%. Equities research analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares in the company, valued at $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction on 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 owns 923,765 shares in the company, valued at $49,255,149.80. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,709 shares of company stock worth $3,060,151 in the last quarter. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. Robert W. Baird lifted their price target on AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Barclays raised their target price 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. Finally, JPMorgan Chase & Co. increased their price target on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.85.

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.