Brown Lisle Cummings Inc. Reduces Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Brown Lisle Cummings Inc. trimmed its holdings in The AZEK Company Inc. (NYSE:AZEK) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,150 shares of the company’s stock after selling 1,075 shares during the period. Brown Lisle Cummings Inc.’s holdings in AZEK were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AZEK. WCM Investment Management LLC raised its holdings in AZEK by 2.2% in the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock valued at $25,232,000 after acquiring an additional 11,770 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of AZEK by 8.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock worth $31,415,000 after purchasing an additional 50,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AZEK by 105.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after purchasing an additional 31,193 shares during the last quarter. State Street Corp grew its stake in AZEK by 1.9% in the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after purchasing an additional 45,774 shares in the last quarter. Finally, Algert Global LLC increased its holdings in AZEK by 18.5% in the third quarter. Algert Global LLC now owns 119,453 shares of the company’s stock valued at $5,590,000 after buying an additional 18,690 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

AZEK Trading Down 0.8 %

Shares of NYSE AZEK opened at $50.83 on Tuesday. The business has a fifty day simple moving average of $50.37 and a 200-day simple moving average of $46.25. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 48.88, a P/E/G ratio of 2.23 and a beta of 1.94. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AZEK shares. Barclays increased their target price on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price objective on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Robert W. Baird increased their target price on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group lifted their price target on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, DA Davidson boosted their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.73.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 923,765 shares in the company, valued at approximately $49,255,149.80. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 41,322 shares of company stock valued at $2,039,170 over the last quarter. Company insiders own 3.20% of the company’s stock.

About AZEK

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.