Sei Investments Co. Sells 14,833 Shares of The AZEK Company Inc. (NYSE:AZEK)

Sei Investments Co. lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,492 shares of the company’s stock after selling 14,833 shares during the quarter. Sei Investments Co. owned about 0.23% of AZEK worth $15,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC bought a new position in AZEK in the 4th quarter worth approximately $27,000. Avalon Trust Co bought a new position in shares of AZEK in the fourth quarter worth $38,000. GAMMA Investing LLC grew its position in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AZEK during the 3rd quarter valued at $59,000. Finally, Millburn Ridgefield Corp purchased a new stake in AZEK during the 3rd quarter worth about $84,000. Institutional investors own 97.44% of the company’s stock.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the sale, the chief executive officer now owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 55,000 shares of company stock worth $2,518,624 over the last three months. Company insiders own 3.20% of the company’s stock.

AZEK Stock Performance

Shares of NYSE AZEK opened at $49.65 on Friday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 50.15, a P/E/G ratio of 1.91 and a beta of 1.95. The stock’s 50-day moving average is $47.40 and its 200 day moving average is $47.37. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, sell-side analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AZEK shares. Royal Bank of Canada upped their price target on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Baird R W lowered shares of AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Stephens cut shares of AZEK from an “overweight” rating to a “mixed” rating in a research note on Monday. William Blair restated a “market perform” rating on shares of AZEK in a research report on Monday, March 24th. Finally, The Goldman Sachs Group increased their price objective on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.32.

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.