UMB Bank n.a. Sells 300 Shares of The AZEK Company Inc. (NYSE:AZEK)

UMB Bank n.a. reduced its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,430 shares of the company’s stock after selling 300 shares during the quarter. UMB Bank n.a.’s holdings in AZEK were worth $115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in AZEK by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 203,302 shares of the company’s stock valued at $8,565,000 after purchasing an additional 15,317 shares during the last quarter. Amalgamated Bank raised its position in shares of AZEK by 19.2% during the 2nd quarter. Amalgamated Bank now owns 9,279 shares of the company’s stock valued at $391,000 after buying an additional 1,492 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of AZEK by 15.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,169 shares of the company’s stock valued at $260,000 after acquiring an additional 803 shares during the last quarter. XTX Topco Ltd purchased a new position in AZEK in the second quarter worth about $236,000. Finally, Thrivent Financial for Lutherans increased its stake in AZEK by 978.4% during the second quarter. Thrivent Financial for Lutherans now owns 245,940 shares of the company’s stock worth $10,361,000 after acquiring an additional 223,134 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

Insider Activity at AZEK

In other 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were 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 $881,496. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock valued at $2,039,170 over the last quarter. 3.20% of the stock is owned by corporate insiders.

AZEK Stock Up 1.1 %

Shares of NYSE AZEK opened at $51.07 on Friday. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The stock’s fifty day simple moving average is $50.00 and its two-hundred day simple moving average is $45.82. The stock has a market capitalization of $7.30 billion, a PE ratio of 49.10, a price-to-earnings-growth ratio of 2.26 and a beta of 1.94. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AZEK shares. BMO Capital Markets lifted their target price on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. DA Davidson boosted their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Royal Bank of Canada raised their target price on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Barclays increased their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial boosted their target price on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.73.

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.