First Eagle Investment Management LLC Has $3.07 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

First Eagle Investment Management LLC reduced its holdings in The AZEK Company Inc. (NYSE:AZEK) by 23.3% during the 4th quarter, Holdings Channel reports. The fund owned 64,559 shares of the company’s stock after selling 19,666 shares during the quarter. First Eagle Investment Management LLC’s holdings in AZEK were worth $3,065,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in 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 raised its position in AZEK by 105.4% in the 3rd 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 raised its position in AZEK by 1.9% in the 3rd 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 during the last quarter. Algert Global LLC raised its position in AZEK by 18.5% in the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock worth $5,590,000 after purchasing an additional 18,690 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in AZEK by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock worth $93,564,000 after purchasing an additional 90,206 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the transaction, the chief executive officer now directly owns 868,765 shares in the company, valued at $35,645,427.95. This represents a 1.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 76,709 shares of company stock valued at $3,675,601. Company insiders own 3.20% of the company’s stock.

AZEK Price Performance

AZEK opened at $41.21 on Friday. 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 12 month low of $35.48 and a 12 month high of $54.91. The company has a fifty day simple moving average of $47.82 and a 200 day simple moving average of $47.16. The stock has a market cap of $5.92 billion, a P/E ratio of 41.62, a P/E/G ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last announced its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, research analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AZEK shares. BMO Capital Markets boosted their price objective on shares of AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of AZEK in a research report on Thursday, November 21st. Barclays upped their target price on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Truist Financial upped their target price on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.85.

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.