The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 15.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,100 shares of the company's stock after selling 17,200 shares during the quarter. Polar Asset Management Partners Inc. owned 0.07% of AZEK worth $4,467,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of AZEK by 7.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 165,436 shares of the company's stock valued at $7,853,000 after purchasing an additional 12,087 shares during the last quarter. Vident Advisory LLC acquired a new position in shares of AZEK during the fourth quarter worth $217,000. Squarepoint Ops LLC acquired a new position in shares of AZEK during the fourth quarter worth $1,397,000. Tabor Asset Management LP purchased a new position in AZEK in the fourth quarter valued at $2,289,000. Finally, Tidal Investments LLC raised its stake in AZEK by 4,255.1% in the fourth quarter. Tidal Investments LLC now owns 461,076 shares of the company's stock valued at $21,887,000 after buying an additional 450,489 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Wall Street Analyst Weigh In

AZEK has been the subject of several analyst reports. Baird R W cut AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Stephens lowered their price target on AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. BMO Capital Markets increased their price target 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. Robert W. Baird boosted their price objective on shares of AZEK from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Raymond James set a $51.50 target price on shares of AZEK in a report on Tuesday, March 25th. 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, AZEK currently has a consensus rating of "Hold" and an average target price of $53.93.

AZEK Price Performance

Shares of NYSE:AZEK traded up $0.44 on Friday, hitting $49.48. The company had a trading volume of 6,552,704 shares, compared to its average volume of 2,295,764. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The company has a market cap of $7.12 billion, a PE ratio of 49.98, a PEG 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 business has a 50 day moving average of $48.68 and a 200 day moving average of $48.59.

AZEK (NYSE:AZEK - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The company had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. As a group, equities analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $1,028,000.00. Following the completion of the transaction, the chief executive officer now owns 852,765 shares of the company's stock, valued at approximately $43,832,121. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.

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.