The AZEK Company Inc. (NYSE:AZEK) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 321.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,145 shares of the company's stock after purchasing an additional 51,983 shares during the period. SG Americas Securities LLC's holdings in AZEK were worth $3,332,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in shares of AZEK during the fourth quarter valued at approximately $27,000. FIL Ltd bought a new stake in shares of AZEK in the fourth quarter worth $28,000. NBC Securities Inc. bought a new stake in shares of AZEK in the first quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AZEK by 623.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after buying an additional 592 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of AZEK by 261.4% in the first quarter. Parallel Advisors LLC now owns 683 shares of the company's stock worth $33,000 after buying an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

AZEK Stock Performance

Shares of AZEK stock traded down $0.79 during trading on Tuesday, hitting $52.18. 1,982,872 shares of the stock were exchanged, compared to its average volume of 2,406,733. The stock's fifty day moving average is $50.06 and its 200 day moving average is $48.89. The stock has a market cap of $7.51 billion, a PE ratio of 51.16 and a beta of 1.82. 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 AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $452.23 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, sell-side analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction dated 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 directly owns 852,765 shares of the company's stock, valued at approximately $43,832,121. This represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AZEK shares. Raymond James Financial set a $51.50 price target on shares of AZEK in a research note on Tuesday, March 25th. William Blair restated a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Robert W. Baird lifted 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. UBS Group dropped their price target on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Wolfe Research restated a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $53.93.

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.