The AZEK Company Inc. (NYSE:AZEK) Holdings Increased by Rafferty Asset Management LLC

Rafferty Asset Management LLC boosted its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,021 shares of the company's stock after buying an additional 9,263 shares during the quarter. Rafferty Asset Management LLC's holdings in AZEK were worth $1,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AZEK. Vanguard Group Inc. increased its stake in shares of AZEK by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company's stock worth $685,032,000 after acquiring an additional 54,725 shares during the last quarter. FMR LLC increased its position in AZEK by 80.7% during the fourth quarter. FMR LLC now owns 12,311,577 shares of the company's stock worth $584,431,000 after buying an additional 5,499,986 shares during the last quarter. Alliancebernstein L.P. increased its position in AZEK by 15.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock worth $156,396,000 after buying an additional 429,574 shares during the last quarter. Wasatch Advisors LP increased its position in AZEK by 11.6% during the fourth quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company's stock worth $98,928,000 after buying an additional 216,849 shares during the last quarter. Finally, Norges Bank acquired a new position in AZEK during the fourth quarter worth $94,987,000. 97.44% of the stock is owned by institutional investors.

Insider Buying and Selling at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the sale, the chief executive officer now owns 852,765 shares in the company, valued at approximately $43,832,121. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Robert W. Baird raised their price target on shares of AZEK from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Raymond James set a $51.50 price target on shares of AZEK in a report on Tuesday, March 25th. Loop Capital cut their target price on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Barclays lifted their target price on shares of AZEK from $53.00 to $57.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Baird R W downgraded shares of AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AZEK has a consensus rating of "Hold" and an average price target of $53.93.

AZEK Stock Performance

Shares of NYSE AZEK traded down $0.48 during mid-day trading on Friday, hitting $49.29. The stock had a trading volume of 2,185,469 shares, compared to its average volume of 2,249,640. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The company has a 50 day moving average of $48.24 and a two-hundred day moving average of $48.54. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The firm has a market cap of $7.09 billion, a PE ratio of 49.79, a PEG ratio of 1.91 and a beta of 1.86.

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