Oak Ridge Investments LLC Sells 1,121 Shares of The AZEK Company Inc. (NYSE:AZEK)

Oak Ridge Investments LLC lessened its holdings in The AZEK Company Inc. (NYSE:AZEK) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,622 shares of the company’s stock after selling 1,121 shares during the quarter. Oak Ridge Investments LLC’s holdings in AZEK were worth $2,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in AZEK in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC lifted its holdings in shares of AZEK by 183.1% in 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 stake in AZEK in the third quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in shares of AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after buying an additional 239 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Trading Up 0.0 %

Shares of AZEK stock opened at $49.91 on Friday. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The stock has a 50 day simple moving average of $49.75 and a two-hundred day simple moving average of $45.58. The company has a market cap of $7.14 billion, a P/E ratio of 47.99, a PEG ratio of 1.96 and a beta of 1.94.

Insider Activity

In other news, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction that occurred 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 directly owns 16,632 shares of the company’s stock, valued at $881,496. This represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jesse G. Singh sold 20,000 shares of the 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 transaction, the chief executive officer now owns 923,765 shares in the company, valued at approximately $49,255,149.80. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,322 shares of company stock worth $2,039,170 in the last quarter. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada upped their price objective on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Barclays upped their price target on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.