Winthrop Advisory Group LLC Invests $262,000 in The AZEK Company Inc. (NYSE:AZEK)

Winthrop Advisory Group LLC acquired a new position in shares of The AZEK Company Inc. (NYSE:AZEK) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,512 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of AZEK by 33.8% during the 3rd quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after acquiring an additional 3,595,863 shares in the last quarter. FMR LLC boosted its position in shares of AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after purchasing an additional 2,497,074 shares during the period. State Street Corp boosted its position in shares of AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of AZEK by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after purchasing an additional 118,351 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of AZEK by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock valued at $109,105,000 after purchasing an additional 12,644 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Price Performance

NYSE:AZEK traded up $0.04 during trading hours on Monday, reaching $44.83. 82,651 shares of the company traded hands, compared to its average volume of 1,447,505. The firm’s 50-day moving average is $49.49 and its 200-day moving average is $45.38. The stock has a market cap of $6.41 billion, a P/E ratio of 43.11, a P/E/G ratio of 2.40 and a beta of 1.94. 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 AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91.

Analyst Upgrades and Downgrades

AZEK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Truist Financial upped their price objective on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets upped their price objective on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of AZEK in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price objective on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, AZEK has a consensus rating of “Moderate Buy” and an average target price of $53.73.

Insider Buying and Selling at AZEK

In other news, CMO Samara Toole sold 1,709 shares of the firm’s 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 sale, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The transaction 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 firm’s 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 sale, the chief executive officer now owns 923,765 shares in the company, 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 insiders.

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.