The AZEK Company Inc. (NYSE:AZEK) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its holdings in The AZEK Company Inc. (NYSE:AZEK) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,559 shares of the company’s stock after selling 19,666 shares during the quarter. First Eagle Investment Management LLC’s holdings in AZEK were worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AZEK. Empowered Funds LLC acquired a new position in AZEK in the fourth quarter valued at $27,000. GAMMA Investing LLC increased its stake in 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in AZEK in the third quarter valued at $59,000. Millburn Ridgefield Corp acquired a new stake in AZEK during the third quarter worth about $84,000. Finally, Blue Trust Inc. increased its stake in AZEK by 94.2% during the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the company’s stock worth $85,000 after acquiring an additional 877 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AZEK has been the subject of several research analyst reports. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and upped their price target for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. Royal Bank of Canada increased their target price on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. DA Davidson increased their price target on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Barclays lifted their price target on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.85.

AZEK Price Performance

NYSE AZEK opened at $41.21 on Friday. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The stock’s 50-day moving average is $47.82 and its two-hundred day moving average is $47.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The firm has a market cap of $5.92 billion, a P/E ratio of 41.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Transactions at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the sale, the chief marketing officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the sale, the chief executive officer now directly owns 868,765 shares in the company, valued at $35,645,427.95. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,709 shares of company stock worth $3,675,601. Company insiders own 3.20% of the company’s stock.

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.