Norden Group LLC Has $1.01 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Norden Group LLC increased its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,204 shares of the company’s stock after acquiring an additional 496 shares during the quarter. Norden Group LLC’s holdings in AZEK were worth $1,007,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AZEK. Empowered Funds LLC bought a new position in shares of AZEK during the 4th quarter worth about $27,000. Farther Finance Advisors LLC increased its stake in AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares during the period. GAMMA Investing LLC increased its stake in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after acquiring an additional 239 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in AZEK in the 3rd quarter valued at approximately $59,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of AZEK in the 3rd quarter worth approximately $84,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Stock Performance

NYSE AZEK opened at $46.85 on Monday. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a 50 day moving average of $48.97 and a 200-day moving average of $47.16. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 1.91 and a beta of 1.94.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on AZEK. JPMorgan Chase & Co. boosted their price objective 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 boosted their price target on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $60.00 in a report on Monday, January 6th. Barclays upped their target price on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets increased their price target on shares of AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.85.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 20,387 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $50.08, for a total value of $1,020,980.96. Following the completion of the transaction, the chief executive officer now owns 883,765 shares in the company, valued at $44,258,951.20. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,709 shares of company stock valued at $3,060,151 over the last ninety days. 3.20% 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.