Kera Capital Partners Inc. Acquires Shares of 5,673 The AZEK Company Inc. (NYSE:AZEK)

Kera Capital Partners Inc. purchased a new position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,673 shares of the company's stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio increased its holdings in shares of AZEK by 7.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 165,436 shares of the company's stock worth $7,853,000 after purchasing an additional 12,087 shares during the period. Vident Advisory LLC acquired a new stake in AZEK during the fourth quarter worth approximately $217,000. Squarepoint Ops LLC bought a new position in AZEK during the 4th quarter worth $1,397,000. Tabor Asset Management LP acquired a new position in AZEK in the 4th quarter valued at $2,289,000. Finally, Tidal Investments LLC lifted its position in shares of AZEK by 4,255.1% during the 4th quarter. Tidal Investments LLC now owns 461,076 shares of the company's stock valued at $21,887,000 after acquiring an additional 450,489 shares during the period. Institutional investors and hedge funds own 97.44% of the company's stock.

Analyst Ratings Changes

AZEK has been the topic of several analyst reports. Loop Capital reduced their target price on AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. UBS Group decreased their target price on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and set a $51.50 price target (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Finally, Robert W. Baird lifted their price objective on shares of AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $53.93.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction dated 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 approximately $43,832,121. The trade was a 2.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by company insiders.

AZEK Stock Up 0.9%

Shares of AZEK stock traded up $0.44 on Friday, reaching $49.48. 6,559,124 shares of the company were exchanged, compared to its average volume of 2,299,836. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The company has a 50-day moving average of $48.69 and a 200-day moving average of $48.61. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 49.98, a PEG ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91.

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 firm had revenue of $452.23 million during the quarter, compared to analysts' expectations of $444.75 million. During the same quarter last year, the firm posted $0.39 earnings per share. The company'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.

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.