Teachers Retirement System of The State of Kentucky Trims Position in The AZEK Company Inc. (NYSE:AZEK)

Teachers Retirement System of The State of Kentucky trimmed its position in The AZEK Company Inc. (NYSE:AZEK) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,256 shares of the company’s stock after selling 10,445 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in AZEK were worth $2,243,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Empowered Funds LLC bought a new position in AZEK in the 4th quarter worth $27,000. FIL Ltd purchased a new position in shares of AZEK during the 4th quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock valued at $33,000 after acquiring an additional 592 shares during the period. Avalon Trust Co purchased a new stake in AZEK in the 4th quarter worth approximately $38,000. Finally, GAMMA Investing LLC raised its stake in AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after acquiring an additional 239 shares during the period. 97.44% of the stock is currently owned by institutional investors.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the transaction, the chief executive officer now directly owns 868,765 shares in the company, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of AZEK from $64.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Baird R W lowered AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Stephens downgraded AZEK from an “overweight” rating to a “mixed” rating in a research report on Monday, March 24th. William Blair reiterated a “market perform” rating on shares of AZEK in a research report on Monday, March 24th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $53.00 price target (down from $58.00) on shares of AZEK in a report 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.com, the stock currently has an average rating of “Hold” and an average target price of $53.53.

AZEK Stock Performance

Shares of NYSE:AZEK opened at $49.41 on Friday. The firm has a fifty day simple moving average of $45.83 and a two-hundred day simple moving average of $47.66. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $7.10 billion, a P/E ratio of 49.91, a PEG ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, analysts expect 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.