Oak Ridge Investments LLC Has $2.02 Million Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Oak Ridge Investments LLC decreased its position in The AZEK Company Inc. (NYSE:AZEK) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,622 shares of the company’s stock after selling 1,121 shares during the period. Oak Ridge Investments LLC’s holdings in AZEK were worth $2,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in AZEK in the third quarter valued at about $31,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 in the last quarter. Paladin Wealth LLC bought a new position in shares of AZEK during the 3rd quarter valued at about $39,000. GAMMA Investing LLC grew its position in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares during the period. Finally, Blue Trust Inc. increased its stake in AZEK by 106.4% during the 3rd 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. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $44.98, for a total transaction of $882,192.74. Following the completion of the sale, the chief executive officer now owns 904,152 shares of the company’s stock, valued at $40,668,756.96. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,322 shares of company stock worth $2,039,170. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AZEK. Barclays upped their price target on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. Citigroup upgraded AZEK from a “neutral” rating to a “buy” rating and boosted their price target for the company from $51.00 to $60.00 in a report on Monday, January 6th. Truist Financial increased their price objective on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.73.

AZEK Stock Performance

Shares of AZEK opened at $49.91 on Friday. 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 firm has a 50-day moving average of $49.75 and a 200-day moving average of $45.58. The company has a market cap of $7.14 billion, a PE ratio of 47.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.94. The AZEK Company Inc. has a one year low of $35.48 and a one 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.