UMB Bank n.a. reduced its position in shares of The AZEK Company Inc. (NYSE:AZEK – Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,430 shares of the company’s stock after selling 300 shares during the quarter. UMB Bank n.a.’s holdings in AZEK were worth $115,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of AZEK during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 487 shares during the last quarter. Paladin Wealth LLC purchased a new stake in AZEK during the 3rd quarter valued at $39,000. GAMMA Investing LLC raised its stake in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Jesse G. Singh sold 19,613 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the completion of the transaction, the chief executive officer now owns 904,152 shares of the company’s stock, valued at $40,668,756.96. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,322 shares of company stock valued at $2,039,170. Company insiders own 3.20% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on AZEK
AZEK Price Performance
Shares of NYSE:AZEK opened at $51.07 on Friday. The firm’s 50 day simple moving average is $50.00 and its two-hundred day simple moving average is $45.82. 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 capitalization of $7.30 billion, a P/E ratio of 49.10, a P/E/G ratio of 2.26 and a beta of 1.94. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91.
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.
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