Diversify Wealth Management LLC Buys 4,637 Shares of The AZEK Company Inc. (NYSE:AZEK)

Diversify Wealth Management LLC increased its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 44.8% during the 4th quarter, Holdings Channel reports. The firm owned 14,976 shares of the company’s stock after purchasing an additional 4,637 shares during the quarter. Diversify Wealth Management LLC’s holdings in AZEK were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AZEK. Wellington Management Group LLP increased its position in shares of AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after purchasing an additional 3,595,863 shares during the last quarter. FMR LLC raised its holdings in shares of 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 acquiring an additional 2,497,074 shares in the last quarter. State Street Corp lifted its position in shares of 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 period. Dimensional Fund Advisors LP boosted its position 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 valued at $99,175,000 after purchasing an additional 118,351 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $109,105,000 after buying an additional 12,644 shares in the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on AZEK shares. DA Davidson increased their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and raised their price target for the company from $51.00 to $60.00 in a report on Monday, January 6th. Barclays boosted their price objective on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial lifted their target price on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.73.

Insider Activity

In related news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction 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 directly owns 923,765 shares in the company, valued at $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares in the company, valued at $881,496. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,322 shares of company stock valued at $2,039,170. Company insiders own 3.20% of the company’s stock.

AZEK Price Performance

NYSE AZEK opened at $50.20 on Wednesday. The stock’s fifty day moving average price is $49.85 and its 200 day moving average price is $45.75. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 48.27, a PEG ratio of 2.25 and a beta of 1.94.

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.