BNP Paribas Financial Markets Buys Shares of 19,454 The AZEK Company Inc. (NYSE:AZEK)

BNP Paribas Financial Markets bought a new stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,454 shares of the company's stock, valued at approximately $923,000.

Several other institutional investors also recently made changes to their positions in the stock. AXA S.A. grew its holdings in shares of AZEK by 260.1% during the fourth quarter. AXA S.A. now owns 446,544 shares of the company's stock valued at $21,197,000 after purchasing an additional 322,544 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of AZEK during the fourth quarter valued at approximately $7,249,000. Masterton Capital Management LP bought a new position in shares of AZEK during the fourth quarter valued at approximately $4,011,000. Northern Trust Corp grew its holdings in shares of AZEK by 8.1% during the fourth quarter. Northern Trust Corp now owns 967,770 shares of the company's stock valued at $45,940,000 after purchasing an additional 72,383 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of AZEK by 7.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 776,233 shares of the company's stock valued at $36,848,000 after purchasing an additional 56,665 shares during the last quarter. 97.44% of the stock is owned by institutional investors.

AZEK Price Performance

Shares of NYSE:AZEK traded down $0.18 on Tuesday, reaching $49.06. 3,355,600 shares of the company traded hands, compared to its average volume of 2,259,306. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The company's 50 day moving average is $48.54 and its 200-day moving average is $48.59. The stock has a market capitalization of $7.06 billion, a PE ratio of 49.56, a P/E/G ratio of 1.91 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19.

AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $444.75 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the sale, the chief executive officer now owns 868,765 shares in the company, valued at approximately $35,645,427.95. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AZEK. Robert W. Baird increased their price objective on AZEK from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. UBS Group decreased 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. Barclays increased their price objective on AZEK from $53.00 to $57.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Raymond James set a $51.50 price objective on AZEK in a report on Tuesday, March 25th. Finally, Wolfe Research reissued a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $53.93.

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.