Vaughan Nelson Investment Management L.P. Sells 31,825 Shares of The AZEK Company Inc. (NYSE:AZEK)

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 704,185 shares of the company’s stock after selling 31,825 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in AZEK were worth $33,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AZEK. Empowered Funds LLC purchased a new position in AZEK in the 4th quarter worth $27,000. ORG Wealth Partners LLC purchased a new position in shares of AZEK in the third quarter worth about $31,000. Farther Finance Advisors LLC lifted its holdings in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC acquired a new stake in shares of AZEK during the third quarter worth about $39,000. Finally, GAMMA Investing LLC boosted its position in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after buying an additional 239 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Stock Down 1.8 %

Shares of NYSE AZEK opened at $50.11 on Friday. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a quick ratio of 1.14, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The company’s 50-day simple moving average is $50.23 and its 200-day simple moving average is $46.41. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Equities analysts predict that The AZEK Company Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AZEK. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and upped their price objective for the company from $51.00 to $60.00 in a report on Monday, January 6th. The Goldman Sachs Group upped their price target on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their price objective on AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Thursday. Barclays raised their target price on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird boosted their price target on AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, AZEK presently has an average rating of “Moderate Buy” and an average target price of $54.85.

Insider Buying and Selling at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of the business’s stock in a transaction on 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. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $53.32, for a total value of $1,066,400.00. Following the completion of the sale, the chief executive officer now directly owns 923,765 shares of the company’s stock, valued at $49,255,149.80. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,322 shares of company stock worth $2,039,170. Corporate insiders own 3.20% 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.