Dimensional Fund Advisors LP Sells 13,546 Shares of The AZEK Company Inc. (NYSE:AZEK)

Dimensional Fund Advisors LP lowered its holdings in The AZEK Company Inc. (NYSE:AZEK) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,419,172 shares of the company’s stock after selling 13,546 shares during the period. Dimensional Fund Advisors LP’s holdings in AZEK were worth $114,842,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AZEK. Vanguard Group Inc. raised its holdings in AZEK by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company’s stock valued at $685,032,000 after acquiring an additional 54,725 shares during the period. FMR LLC grew its position in shares of AZEK by 80.7% in the fourth quarter. FMR LLC now owns 12,311,577 shares of the company’s stock valued at $584,431,000 after purchasing an additional 5,499,986 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of AZEK by 15.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company’s stock valued at $156,396,000 after purchasing an additional 429,574 shares during the period. Wasatch Advisors LP lifted its holdings in AZEK by 11.6% during the 4th quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company’s stock worth $98,928,000 after purchasing an additional 216,849 shares in the last quarter. Finally, Norges Bank purchased a new stake in AZEK during the 4th quarter worth about $94,987,000. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AZEK has been the topic of several analyst reports. Loop Capital decreased their price target on AZEK from $55.00 to $49.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Barclays decreased their target price on shares of AZEK from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Baird R W downgraded shares of AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Citigroup reaffirmed a “neutral” rating and issued a $51.50 price target (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Finally, Stephens lowered AZEK from an “overweight” rating to a “mixed” rating in a research note on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.53.

Insider Activity

In other news, CEO Jesse G. Singh sold 15,000 shares of the firm’s 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 transaction, the chief executive officer now owns 868,765 shares in the company, valued at approximately $35,645,427.95. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

AZEK Stock Down 0.2 %

Shares of AZEK opened at $49.41 on Friday. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The stock has a 50 day simple moving average of $45.83 and a two-hundred day simple moving average of $47.69. The firm has a market cap of $7.10 billion, a P/E ratio of 49.91, a P/E/G ratio of 1.91 and a beta of 1.86.

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

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.