Chapman Financial Group LLC Purchases Shares of 13,880 The AZEK Company Inc. (NYSE:AZEK)

Chapman Financial Group LLC bought a new position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,880 shares of the company's stock, valued at approximately $659,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in AZEK by 80.7% during the 4th quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after purchasing an additional 5,499,986 shares in the last quarter. Norges Bank acquired a new position in shares of AZEK during the fourth quarter valued at about $94,987,000. Balyasny Asset Management L.P. increased its position in shares of AZEK by 493.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,681,629 shares of the company's stock worth $79,827,000 after acquiring an additional 1,398,340 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in AZEK by 72.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,957,094 shares of the company's stock valued at $92,903,000 after acquiring an additional 823,588 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in AZEK by 101.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 859,910 shares of the company's stock valued at $40,820,000 after purchasing an additional 433,125 shares during the last quarter. 97.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AZEK has been the topic of a number of recent research reports. Stephens dropped their target price on AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday. Barclays lifted their price objective on shares of AZEK from $53.00 to $57.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup reiterated a "neutral" rating and issued a $51.50 target price (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Loop Capital cut their price target on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group decreased their price objective on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.93.

AZEK Price Performance

AZEK stock traded up $0.94 during midday trading on Thursday, hitting $49.94. 2,733,132 shares of the company's stock were exchanged, compared to its average volume of 2,224,471. The company has a market cap of $7.18 billion, a P/E ratio of 50.45, a PEG ratio of 1.91 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The stock has a 50-day moving average price of $46.31 and a two-hundred day moving average price of $48.00. 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 quarterly earnings data on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The company had revenue of $452.23 million for the quarter, compared to analysts' expectations of $444.75 million. During the same period in the prior year, the business earned $0.39 earnings per share. AZEK's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Insider Transactions 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 stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.

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.