Russell Investments Group Ltd. Sells 50,019 Shares of The AZEK Company Inc. (NYSE:AZEK)

Russell Investments Group Ltd. trimmed its holdings in shares of The AZEK Company Inc. (NYSE:AZEK – Get Rating) by 34.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 93,863 shares of the company’s stock after selling 50,019 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of AZEK worth $1,907,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of AZEK by 176.1% during the 3rd quarter. Signaturefd LLC now owns 1,933 shares of the company’s stock worth $32,000 after purchasing an additional 1,233 shares in the last quarter. Covestor Ltd increased its position in shares of AZEK by 1,441.8% during the 1st quarter. Covestor Ltd now owns 2,544 shares of the company’s stock worth $63,000 after purchasing an additional 2,379 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of AZEK during the 1st quarter worth about $124,000. Nisa Investment Advisors LLC acquired a new stake in shares of AZEK during the 4th quarter worth about $117,000. Finally, Yarbrough Capital LLC acquired a new stake in shares of AZEK during the 4th quarter worth about $119,000. 99.05% of the stock is owned by institutional investors.

AZEK Stock Down 0.0 %

AZEK stock opened at $24.44 on Tuesday. The company’s 50 day simple moving average is $24.51 and its 200 day simple moving average is $22.86. The AZEK Company Inc. has a fifty-two week low of $15.12 and a fifty-two week high of $30.26. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 271.56, a PEG ratio of 9.72 and a beta of 1.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.95 and a quick ratio of 1.65.

Insider Buying and Selling

In related news, insider Jonathan Skelly sold 20,000 shares of AZEK stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $23.83, for a total transaction of $476,600.00. Following the transaction, the insider now owns 216,569 shares of the company’s stock, valued at approximately $5,160,839.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AZEK news, insider Jonathan Skelly sold 20,000 shares of AZEK stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $23.83, for a total value of $476,600.00. Following the transaction, the insider now owns 216,569 shares of the company’s stock, valued at $5,160,839.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jesse G. Singh sold 7,000 shares of AZEK stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $21.95, for a total transaction of $153,650.00. Following the completion of the transaction, the chief executive officer now directly owns 43,000 shares in the company, valued at approximately $943,850. The disclosure for this sale can be found here. Insiders have sold 7,080,000 shares of company stock valued at $172,459,210 in the last 90 days. 3.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays raised their price objective on shares of AZEK from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, February 9th. BMO Capital Markets raised their price objective on shares of AZEK from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Bank of America upgraded shares of AZEK from a “neutral” rating to a “buy” rating and raised their price objective for the company from $28.00 to $31.00 in a research report on Wednesday, April 19th. Stephens raised their price objective on shares of AZEK from $23.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, February 9th. Finally, Robert W. Baird raised their price objective on shares of AZEK from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

AZEK Profile

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The AZEK Company Inc engages in designing, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, which includes decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.