The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lowered its holdings in The AZEK Company Inc. (NYSE:AZEK) by 36.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,515 shares of the company’s stock after selling 11,415 shares during the period. Thompson Investment Management Inc.’s holdings in AZEK were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in AZEK by 726.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,206 shares of the company’s stock worth $29,000 after acquiring an additional 1,060 shares during the period. Covestor Ltd grew its holdings in AZEK by 1,441.8% during the 1st quarter. Covestor Ltd now owns 2,544 shares of the company’s stock valued at $63,000 after purchasing an additional 2,379 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in AZEK during the 1st quarter worth $85,000. Harvest Fund Management Co. Ltd increased its stake in AZEK by 5,176.6% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 4,063 shares of the company’s stock worth $96,000 after buying an additional 3,986 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in AZEK in the 1st quarter worth $124,000.

AZEK Price Performance

Shares of NYSE AZEK opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.41 and a quick ratio of 2.08. The firm has a market capitalization of $4.60 billion, a PE ratio of 219.79, a P/E/G ratio of 6.56 and a beta of 1.69. The AZEK Company Inc. has a 1-year low of $15.12 and a 1-year high of $34.96. The business’s fifty day moving average price is $31.93 and its two-hundred day moving average price is $27.57.

AZEK (NYSE:AZEK) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $387.55 million for the quarter, compared to analysts’ expectations of $372.75 million. AZEK had a net margin of 1.60% and a return on equity of 5.53%. On average, research analysts expect that The AZEK Company Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on AZEK from $34.00 to $38.00 in a research report on Thursday, August 10th. Stifel Nicolaus upped their target price on AZEK from $29.00 to $36.00 in a research report on Wednesday, July 12th. The Goldman Sachs Group raised their price target on shares of AZEK from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 price target on shares of AZEK in a report on Thursday, August 17th. Finally, Jefferies Financial Group raised their price objective on shares of AZEK from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.78.

Insider Activity

In related news, insider Jonathan Skelly sold 35,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $33.54, for a total value of $1,173,900.00. Following the completion of the transaction, the insider now directly owns 191,463 shares of the company’s stock, valued at approximately $6,421,669.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jonathan Skelly sold 35,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $33.54, for a total value of $1,173,900.00. Following the completion of the transaction, the insider now owns 191,463 shares in the company, valued at approximately $6,421,669.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jesse G. Singh sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $33.32, for a total transaction of $999,600.00. Following the transaction, the chief executive officer now directly owns 70,000 shares in the company, valued at approximately $2,332,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,000 shares of company stock valued at $2,598,080. Insiders own 3.10% of the company’s stock.

AZEK Company Profile

The AZEK Company Inc engages in 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, 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.