Cubist Systematic Strategies LLC Has $4.10 Million Position in The AZEK Company Inc. (NYSE:AZEK)

Cubist Systematic Strategies LLC increased its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 71.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,380 shares of the company's stock after acquiring an additional 36,045 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.06% of AZEK worth $4,100,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in AZEK by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company's stock worth $685,032,000 after purchasing an additional 54,725 shares in the last quarter. FMR LLC increased its stake in AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company's stock worth $584,431,000 after purchasing an additional 5,499,986 shares in the last quarter. Alliancebernstein L.P. increased its stake in AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock worth $156,396,000 after purchasing an additional 429,574 shares in the last quarter. Wasatch Advisors LP increased its stake in AZEK by 11.6% in the 4th quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company's stock worth $98,928,000 after purchasing an additional 216,849 shares in the last quarter. Finally, Norges Bank purchased a new position in AZEK in the 4th quarter worth about $94,987,000. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Stock Down 0.6%

Shares of AZEK stock traded down $0.33 during trading on Thursday, hitting $51.30. 300,025 shares of the stock traded hands, compared to its average volume of 2,208,408. The company has a fifty day moving average price of $46.85 and a two-hundred day moving average price of $48.24. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. 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 market cap of $7.37 billion, a P/E ratio of 51.86, a PEG ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK - Get Free Report) last posted its earnings results 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 return on equity of 13.47% and a net margin of 9.85%. The firm had revenue of $452.23 million during the quarter, compared to analyst estimates of $444.75 million. During the same period in the previous year, the company earned $0.39 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AZEK shares. Stephens dropped their price target on AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Barclays lifted their target price on AZEK from $53.00 to $57.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research reaffirmed a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Finally, Raymond James set a $51.50 target price on AZEK in a research note on Tuesday, March 25th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $53.93.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 15,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now directly owns 868,765 shares in the company, valued at approximately $35,645,427.95. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.20% of the company's stock.

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.