D. E. Shaw & Co. Inc. Has $6.73 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

D. E. Shaw & Co. Inc. decreased its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 86.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,660 shares of the company's stock after selling 877,168 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.10% of AZEK worth $6,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of AZEK by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock valued at $85,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in AZEK by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock valued at $55,519,000 after acquiring an additional 24,249 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in AZEK in the fourth quarter valued at approximately $717,000. Raymond James Financial Inc. acquired a new position in AZEK in the fourth quarter valued at approximately $19,436,000. Finally, Sanctuary Advisors LLC raised its position in AZEK by 6.1% in the fourth quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company's stock valued at $620,000 after purchasing an additional 689 shares during the period. Hedge funds and other institutional investors own 97.44% of the company's stock.

AZEK Stock Performance

AZEK stock remained flat at $51.24 during midday trading on Monday. 2,735,592 shares of the company's stock were exchanged, compared to its average volume of 2,220,112. The stock has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $48.40. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $444.75 million. During the same period in the prior year, the business posted $0.39 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AZEK. Baird R W lowered AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Robert W. Baird increased their target price on AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. William Blair reissued a "market perform" rating on shares of AZEK in a report on Monday, March 24th. Citigroup reissued 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. Finally, BMO Capital Markets upped their price objective on shares of AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, March 24th. 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, AZEK presently has an average rating of "Hold" and an average target price of $53.93.

Insider Activity

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the transaction, the chief executive officer now owns 852,765 shares in the company, valued at approximately $43,832,121. This represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is owned by company insiders.

AZEK 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.