The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in The AZEK Company Inc. (NYSE:AZEKFree Report) by 86.3% in the fourth quarter, HoldingsChannel reports. The fund owned 80,848 shares of the company’s stock after selling 510,263 shares during the quarter. Assenagon Asset Management S.A.’s holdings in AZEK were worth $3,838,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its stake in AZEK by 33.8% in the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after acquiring an additional 3,595,863 shares during the period. FMR LLC lifted its holdings in AZEK by 57.9% during the third quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after purchasing an additional 2,497,074 shares in the last quarter. State Street Corp grew its position in shares of AZEK by 1.9% in the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of AZEK by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock worth $99,175,000 after purchasing an additional 118,351 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of AZEK by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock worth $109,105,000 after purchasing an additional 12,644 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AZEK. Truist Financial boosted their price objective on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. DA Davidson boosted 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. Robert W. Baird raised their price objective on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a report on Friday, October 4th. Finally, Royal Bank of Canada raised their price target on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.73.

Get Our Latest Stock Analysis on AZEK

Insider Buying and Selling

In other news, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the sale, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at approximately $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the transaction, the chief executive officer now owns 923,765 shares of the company’s stock, valued at $49,255,149.80. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,322 shares of company stock valued at $2,039,170. Company insiders own 3.20% of the company’s stock.

AZEK Trading Up 0.5 %

Shares of AZEK stock opened at $50.20 on Wednesday. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The firm has a market cap of $7.18 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 2.25 and a beta of 1.94. The company has a 50-day moving average of $49.85 and a two-hundred day moving average of $45.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14.

AZEK Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AZEK (NYSE:AZEK)

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