Congress Wealth Management LLC DE Purchases 2,157 Shares of The AZEK Company Inc. (NYSE:AZEK)

Congress Wealth Management LLC DE boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,390 shares of the company’s stock after acquiring an additional 2,157 shares during the period. Congress Wealth Management LLC DE owned about 0.05% of AZEK worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. UBS Group AG raised its position in shares of AZEK by 245.4% in the 3rd quarter. UBS Group AG now owns 70,594 shares of the company’s stock worth $2,099,000 after acquiring an additional 50,158 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in AZEK by 33.8% in the third quarter. Envestnet Asset Management Inc. now owns 201,825 shares of the company’s stock worth $6,002,000 after purchasing an additional 50,955 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of AZEK during the third quarter valued at about $1,379,000. Mariner LLC boosted its holdings in shares of AZEK by 4.4% in the 3rd quarter. Mariner LLC now owns 16,398 shares of the company’s stock valued at $488,000 after buying an additional 687 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of AZEK by 8.1% in the 3rd quarter. Northern Trust Corp now owns 1,062,031 shares of the company’s stock worth $31,585,000 after buying an additional 79,229 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AZEK. Truist Financial restated a “buy” rating and issued a $57.00 target price on shares of AZEK in a research note on Tuesday, June 18th. Benchmark began coverage on AZEK in a research report on Friday, April 19th. They set a “buy” rating and a $55.00 target price on the stock. Robert W. Baird decreased their price target on AZEK from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Barclays boosted their price target on AZEK from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Citigroup lifted their target price on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

AZEK Stock Performance

AZEK stock traded down $0.82 during midday trading on Monday, hitting $41.31. 1,833,184 shares of the company were exchanged, compared to its average volume of 1,644,707. The AZEK Company Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $50.78. The firm has a market capitalization of $6.01 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 1.33 and a beta of 1.88. The business has a fifty day simple moving average of $45.79 and a two-hundred day simple moving average of $44.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 3.40.

Insider Transactions at AZEK

In other AZEK news, insider Jonathan Skelly sold 12,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $46.72, for a total value of $560,640.00. Following the completion of the transaction, the insider now owns 190,134 shares in the company, valued at $8,883,060.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction on Friday, May 10th. The shares were sold at an average price of $45.97, for a total value of $597,610.00. Following the sale, the chief executive officer now owns 1,070,444 shares of the company’s stock, valued at approximately $49,208,310.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Skelly sold 12,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $46.72, for a total transaction of $560,640.00. Following the transaction, the insider now owns 190,134 shares of the company’s stock, valued at $8,883,060.48. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock valued at $1,786,150 in the last 90 days. 3.10% of the stock is currently owned by company insiders.

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.