Sanctuary Advisors LLC Has $572,000 Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Sanctuary Advisors LLC grew its position in The AZEK Company Inc. (NYSE:AZEK) by 97.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,229 shares of the company’s stock after purchasing an additional 5,553 shares during the period. Sanctuary Advisors LLC’s holdings in AZEK were worth $572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in AZEK in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its stake in shares of AZEK by 183.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC bought a new position in shares of AZEK in the 3rd quarter worth $39,000. Blue Trust Inc. grew its stake in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in AZEK in the third quarter valued at about $59,000. Institutional investors own 97.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AZEK. Barclays raised their target price on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Royal Bank of Canada upped their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Finally, BMO Capital Markets raised their price objective on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, AZEK has an average rating of “Moderate Buy” and an average price target of $52.67.

Insider Activity

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction on Monday, December 16th. The shares were sold at an average price of $53.32, for a total value of $1,066,400.00. Following the sale, the chief executive officer now directly owns 923,765 shares in the company, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the transaction, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at approximately $881,496. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

AZEK Trading Up 0.3 %

NYSE AZEK opened at $49.26 on Thursday. The AZEK Company Inc. has a 52 week low of $35.38 and a 52 week high of $54.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The stock’s 50 day moving average price is $48.57 and its two-hundred day moving average price is $45.23. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 2.40 and a beta of 1.92.

About AZEK

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.