Summit Trail Advisors LLC Invests $402,000 in The AZEK Company Inc. (NYSE:AZEK)

Summit Trail Advisors LLC bought a new position in The AZEK Company Inc. (NYSE:AZEK - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,224 shares of the company's stock, valued at approximately $402,000.

Other institutional investors have also added to or reduced their stakes in the company. FIL Ltd bought a new stake in shares of AZEK during the 4th quarter worth $28,000. NBC Securities Inc. bought a new stake in shares of AZEK during the 1st quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 purchasing an additional 592 shares during the last quarter. Parallel Advisors LLC lifted its stake in AZEK by 261.4% in the first quarter. Parallel Advisors LLC now owns 683 shares of the company's stock worth $33,000 after purchasing an additional 494 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in AZEK in the fourth quarter worth $38,000. 97.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on AZEK shares. Baird R W downgraded shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Stephens lowered their price target on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. BMO Capital Markets boosted their price target on shares of AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, March 24th. Robert W. Baird upped their price target on shares of AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, UBS Group cut their price target on shares of AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, AZEK presently has an average rating of "Hold" and an average price target of $53.93.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 852,765 shares of the company's stock, valued at $43,832,121. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.20% of the stock is owned by insiders.

AZEK Price Performance

Shares of NYSE AZEK remained flat at $54.35 during midday trading on Friday. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.47. The firm's 50 day moving average price is $51.53 and its 200 day moving average price is $48.87. The company has a market capitalization of $7.82 billion, a P/E ratio of 53.28 and a beta of 1.82.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.92% and a return on equity of 13.87%. The business had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. AZEK's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research 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.