Winthrop Advisory Group LLC Acquires Shares of 5,512 The AZEK Company Inc. (NYSE:AZEK)

Winthrop Advisory Group LLC acquired a new stake in The AZEK Company Inc. (NYSE:AZEK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,512 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in shares of AZEK during the third quarter worth about $31,000. Farther Finance Advisors LLC increased its position 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 acquiring an additional 487 shares during the last quarter. Paladin Wealth LLC acquired a new position in AZEK in the third quarter worth about $39,000. GAMMA Investing LLC grew its stake in 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 in the last quarter. Finally, Blue Trust Inc. grew its stake in 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 in the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Stock Performance

Shares of NYSE AZEK traded up $0.04 during midday trading on Monday, hitting $44.83. 82,651 shares of the company’s stock were exchanged, compared to its average volume of 1,447,505. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The firm has a market cap of $6.41 billion, a P/E ratio of 43.11, a PEG ratio of 2.40 and a beta of 1.94. The stock’s 50 day moving average price is $49.49 and its 200-day moving average price is $45.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14.

Insider Buying and Selling

In other news, CMO Samara Toole sold 1,709 shares of the 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 completion of the sale, the chief marketing officer now owns 16,632 shares in the company, valued at approximately $881,496. This represents a 9.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $53.32, for a total value of $1,066,400.00. Following the sale, the chief executive officer now owns 923,765 shares of the company’s stock, valued at $49,255,149.80. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AZEK shares. Robert W. Baird lifted their price target on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. Loop Capital downgraded AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research note on Friday, October 4th. Barclays lifted their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, DA Davidson lifted their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.73.

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.