29,817 Shares in The AZEK Company Inc. (NYSE:AZEK) Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,817 shares of the company's stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. grew its position in shares of AZEK by 51.4% during the 4th quarter. Point72 Asset Management L.P. now owns 351,074 shares of the company's stock valued at $16,665,000 after purchasing an additional 119,173 shares in the last quarter. Quantinno Capital Management LP grew its position in AZEK by 10.3% during the fourth quarter. Quantinno Capital Management LP now owns 44,185 shares of the company's stock worth $2,097,000 after buying an additional 4,143 shares in the last quarter. Moore Capital Management LP bought a new position in AZEK in the 4th quarter worth about $5,433,000. Lazard Asset Management LLC increased its stake in AZEK by 3.6% in the 4th quarter. Lazard Asset Management LLC now owns 342,922 shares of the company's stock worth $16,278,000 after acquiring an additional 11,984 shares during the last quarter. Finally, Interval Partners LP boosted its position in shares of AZEK by 317.0% during the 4th quarter. Interval Partners LP now owns 402,007 shares of the company's stock valued at $19,083,000 after acquiring an additional 305,593 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

AZEK Trading Down 0.4%

Shares of AZEK stock traded down $0.19 during mid-day trading on Thursday, reaching $49.68. The stock had a trading volume of 281,598 shares, compared to its average volume of 2,235,790. The firm has a market capitalization of $7.15 billion, a PE ratio of 50.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The stock's 50-day moving average price is $47.90 and its two-hundred day moving average price is $48.47. 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 AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. AZEK had a return on equity of 13.47% and a net margin of 9.85%. The company had revenue of $452.23 million for the quarter, compared to analysts' expectations of $444.75 million. During the same period last year, the firm earned $0.39 earnings per share. AZEK's quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $51.40, for a total transaction of $1,028,000.00. Following the completion of the transaction, the chief executive officer now owns 852,765 shares in the company, valued at $43,832,121. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research report on Monday, March 24th. Stephens lowered their price target on AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. UBS Group cut their price objective on AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. William Blair reiterated a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Finally, Loop Capital dropped their target price on AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.93.

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.