CIBRA Capital Ltd Invests $4.44 Million in The AZEK Company Inc. (NYSE:AZEK)

CIBRA Capital Ltd purchased a new stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 90,850 shares of the company's stock, valued at approximately $4,442,000. AZEK accounts for 1.5% of CIBRA Capital Ltd's holdings, making the stock its 14th largest position. CIBRA Capital Ltd owned about 0.06% of AZEK as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AZEK. Farther Finance Advisors LLC grew its position in shares of AZEK by 472.9% during the first quarter. Farther Finance Advisors LLC now owns 1,948 shares of the company's stock worth $94,000 after acquiring an additional 1,608 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 24,249 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of AZEK during the fourth quarter valued at approximately $717,000. Fifth Third Bancorp boosted its position in shares of AZEK by 6.8% during the first quarter. Fifth Third Bancorp now owns 7,236 shares of the company's stock worth $354,000 after buying an additional 461 shares during the period. Finally, Raymond James Financial Inc. bought a new position in AZEK in the 4th quarter worth approximately $19,436,000. Institutional investors own 97.44% of the company's stock.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the firm's 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 sale, the chief executive officer directly owned 852,765 shares in the company, valued at approximately $43,832,121. This trade represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup reiterated a "neutral" rating and set a $51.50 price target (down previously from $61.00) on shares of AZEK in a research report on Tuesday, March 25th. Stephens dropped their price target on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. UBS Group cut their target price on AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Wolfe Research reaffirmed a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Finally, William Blair reissued a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $53.93.

AZEK Price Performance

AZEK remained flat at $54.35 during trading on Thursday. The business has a 50 day moving average price of $51.43 and a 200 day moving average price of $48.86. The company has a market cap 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 current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.29.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $452.23 million for the quarter, compared to analysts' expectations of $444.75 million. AZEK had a net margin of 9.92% and a return on equity of 13.87%. The company's quarterly 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 analysts forecast that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

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.