22,392 Shares in The AZEK Company Inc. (NYSE:AZEK) Bought by Brown Financial Advisors

Brown Financial Advisors purchased a new stake in shares of The AZEK Company Inc. (NYSE:AZEK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,392 shares of the company’s stock, valued at approximately $1,063,000.

A number of other large investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its position in shares of AZEK by 69.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,827 shares of the company’s stock valued at $372,000 after purchasing an additional 3,210 shares during the last quarter. TimesSquare Capital Management LLC grew its position in AZEK by 5.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 817,963 shares of the company’s stock valued at $38,829,000 after acquiring an additional 45,324 shares during the last quarter. Truist Financial Corp raised its stake in shares of AZEK by 1.6% during the fourth quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock worth $793,000 after acquiring an additional 255 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of AZEK during the fourth quarter worth approximately $213,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of AZEK by 6.1% in the 4th quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company’s stock worth $620,000 after acquiring an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Performance

NYSE:AZEK opened at $46.24 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The stock has a market cap of $6.64 billion, a P/E ratio of 46.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.94. The firm’s fifty day simple moving average is $49.23 and its 200 day simple moving average is $46.96.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $53.32, for a total value of $1,066,400.00. Following the sale, the chief executive officer now directly owns 923,765 shares of the company’s stock, valued at $49,255,149.80. This represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at approximately $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,709 shares of company stock worth $3,060,151. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AZEK shares. The Goldman Sachs Group increased their target price on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Robert W. Baird lifted their price objective on AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Barclays increased their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Finally, Royal Bank of Canada boosted their price objective on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.85.

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.