NBC Securities Inc. Decreases Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

NBC Securities Inc. lowered its stake in The AZEK Company Inc. (NYSE:AZEK) by 94.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 603 shares of the company’s stock after selling 10,382 shares during the period. NBC Securities Inc.’s holdings in AZEK were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new stake in shares of AZEK during the 3rd quarter valued at about $31,000. ORG Partners LLC purchased a new position in shares of AZEK in the first quarter worth approximately $35,000. Whittier Trust Co. bought a new stake in AZEK during the first quarter valued at approximately $37,000. Paladin Wealth LLC purchased a new stake in AZEK during the third quarter valued at approximately $39,000. Finally, Versant Capital Management Inc raised its position in AZEK by 5,452.2% in the second quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock worth $54,000 after acquiring an additional 1,254 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Insider Activity

In other news, Director Pamela J. Edwards acquired 600 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the purchase, the director now directly owns 8,708 shares in the company, valued at $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AZEK news, Director Pamela J. Edwards acquired 600 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $41.70 per share, with a total value of $25,020.00. Following the completion of the purchase, the director now directly owns 8,708 shares in the company, valued at $363,123.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the transaction, the chief executive officer now directly owns 186,705 shares in the company, valued at $7,742,656.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research note on Friday, August 9th. DA Davidson downgraded AZEK from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $57.00 to $44.00 in a research note on Wednesday, July 3rd. Stifel Nicolaus cut their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group decreased their target price on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Royal Bank of Canada dropped their price target on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, AZEK presently has a consensus rating of “Moderate Buy” and an average target price of $47.94.

AZEK Stock Performance

AZEK stock opened at $43.20 on Tuesday. The AZEK Company Inc. has a twelve month low of $25.03 and a twelve month high of $50.78. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 1.10 and a beta of 1.88. The business’s fifty day simple moving average is $43.47 and its two-hundred day simple moving average is $44.47. The company has a quick ratio of 2.11, a current ratio of 3.07 and a debt-to-equity ratio of 0.41.

AZEK (NYSE:AZEK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. AZEK had a net margin of 11.35% and a return on equity of 13.38%. The company had revenue of $434.40 million for the quarter, compared to the consensus estimate of $396.89 million. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. Analysts predict that The AZEK Company Inc. will post 1.05 earnings per share for the current year.

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.