Congress Wealth Management LLC DE Acquires 6,073 Shares of The AZEK Company Inc. (NYSE:AZEK)

Congress Wealth Management LLC DE grew its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 6.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,318 shares of the company’s stock after purchasing an additional 6,073 shares during the quarter. Congress Wealth Management LLC DE’s holdings in AZEK were worth $4,525,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays raised their price objective on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group raised 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. Citigroup reissued a “neutral” rating and set a $51.50 price objective (down from $61.00) on shares of AZEK in a report on Tuesday. Baird R W lowered AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird reiterated a “neutral” rating and set a $53.00 price target (down previously from $58.00) on shares of AZEK in a report on Monday. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $54.32.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the sale, the chief executive officer now directly owns 868,765 shares in the company, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is owned by insiders.

AZEK Stock Up 0.7 %

AZEK stock opened at $48.92 on Wednesday. The firm has a 50 day moving average price of $47.42 and a 200-day moving average price of $47.28. 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 company has a market capitalization of $7.03 billion, a P/E ratio of 49.41, a P/E/G ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last announced its quarterly earnings data 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%. As a group, equities analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.

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.