Grantham Mayo Van Otterloo & Co. LLC Has $22.82 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 480,707 shares of the company’s stock after selling 32,018 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.34% of AZEK worth $22,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in AZEK in the fourth quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock valued at $33,000 after purchasing an additional 592 shares during the period. Avalon Trust Co bought a new stake in shares of AZEK during the 4th quarter valued at about $38,000. GAMMA Investing LLC grew its stake in AZEK by 39.1% during 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 period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in AZEK in the third quarter worth approximately $59,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analyst Ratings Changes

AZEK has been the subject of several recent analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of AZEK in a research report on Wednesday, March 26th. Baird R W downgraded shares of AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. BMO Capital Markets increased their price objective on shares of AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, March 24th. Barclays boosted their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $53.00 price target (down previously from $58.00) on shares of AZEK in a report on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, AZEK currently has a consensus rating of “Hold” and a consensus target price of $54.32.

AZEK Trading Down 4.0 %

Shares of AZEK stock opened at $46.25 on Friday. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a 50-day simple moving average of $47.18 and a two-hundred day simple moving average of $47.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Research analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the sale, the chief executive officer now owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 55,000 shares of company stock worth $2,518,624 in the last ninety days. Company insiders own 3.20% of the company’s stock.

AZEK Company 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.