The AZEK Company Inc. (NYSE:AZEK) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in The AZEK Company Inc. (NYSE:AZEK) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 621,037 shares of the company’s stock after selling 1,865 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.43% of AZEK worth $26,164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of AZEK by 3.2% during the first quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock worth $677,082,000 after purchasing an additional 413,297 shares during the last quarter. Wellington Management Group LLP grew its stake in AZEK by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 12,152,986 shares of the company’s stock worth $464,852,000 after buying an additional 42,132 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in AZEK by 7.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,632,693 shares of the company’s stock worth $291,951,000 after buying an additional 516,523 shares during the period. Wasatch Advisors LP lifted its stake in AZEK by 1.5% in the fourth quarter. Wasatch Advisors LP now owns 2,216,800 shares of the company’s stock valued at $84,793,000 after buying an additional 31,752 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of AZEK by 1.7% in the first quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company’s stock valued at $74,712,000 after acquiring an additional 25,515 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AZEK has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of AZEK in a research note on Friday, August 9th. Truist Financial lowered their price target on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Robert W. Baird reduced their price objective on AZEK from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Barclays decreased their price objective on AZEK from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Loop Capital dropped their target price on AZEK from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, AZEK has a consensus rating of “Moderate Buy” and a consensus price target of $48.24.

AZEK Trading Up 1.2 %

NYSE AZEK traded up $0.51 on Friday, hitting $42.62. 1,158,796 shares of the company were exchanged, compared to its average volume of 1,767,338. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.40 and a quick ratio of 2.21. 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 capitalization of $6.20 billion, a P/E ratio of 41.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.88. The company’s 50 day moving average price is $42.26 and its 200-day moving average price is $45.40.

AZEK (NYSE:AZEK) last issued its 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. The business had revenue of $434.40 million during the quarter, compared to analysts’ expectations of $396.89 million. AZEK had a return on equity of 12.02% and a net margin of 10.66%. AZEK’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. Analysts predict that The AZEK Company Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at AZEK

In related news, Director Pamela J. Edwards purchased 600 shares of AZEK stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the transaction, the director now directly owns 8,708 shares of the company’s stock, valued at $363,123.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.47, for a total transaction of $829,400.00. Following the completion of the transaction, the chief executive officer now directly owns 186,705 shares in the company, valued at $7,742,656.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pamela J. Edwards bought 600 shares of the business’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 owns 8,708 shares in the company, valued at $363,123.60. The disclosure for this purchase can be found here. Insiders sold 45,000 shares of company stock valued at $1,932,790 in the last three months. Corporate insiders own 3.10% 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.