CIBRA Capital Ltd Buys New Position in The AZEK Company Inc. (NYSE:AZEK)

CIBRA Capital Ltd acquired a new position in The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,850 shares of the company's stock, valued at approximately $4,442,000. AZEK makes up 1.5% of CIBRA Capital Ltd's portfolio, making the stock its 14th biggest holding. CIBRA Capital Ltd owned about 0.06% of AZEK as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of AZEK by 44.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,769 shares of the company's stock valued at $673,000 after buying an additional 4,246 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of AZEK by 472.9% in the first quarter. Farther Finance Advisors LLC now owns 1,948 shares of the company's stock valued at $94,000 after buying an additional 1,608 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 buying an additional 24,249 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of AZEK in the fourth quarter valued at $717,000. Finally, Fifth Third Bancorp increased its position in shares of AZEK by 6.8% in the first quarter. Fifth Third Bancorp now owns 7,236 shares of the company's stock valued at $354,000 after buying an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Wall Street Analysts Forecast Growth

AZEK has been the subject of a number of research analyst reports. Stephens dropped their price target on AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Barclays lifted their price objective on AZEK from $53.00 to $57.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group dropped their price objective on AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. BMO Capital Markets lifted their price objective on AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, March 24th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $53.93.

AZEK Stock Performance

Shares of NYSE AZEK remained flat at $54.35 during midday trading on Friday. The company has a market capitalization of $7.82 billion, a P/E ratio of 53.28 and a beta of 1.82. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.47 and a current ratio of 2.45. The stock has a 50-day simple moving average of $51.53 and a 200-day simple moving average of $48.87.

AZEK (NYSE:AZEK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. AZEK had a return on equity of 13.87% and a net margin of 9.92%. The company's revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, equities research analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling at AZEK

In other 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 value of $1,028,000.00. Following the transaction, the chief executive officer directly owned 852,765 shares of the company's stock, valued at $43,832,121. The trade was a 2.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.20% of the stock is owned by corporate 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.