The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 67.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,661 shares of the company's stock after selling 80,726 shares during the period. Two Sigma Investments LP's holdings in AZEK were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of AZEK during the fourth quarter worth $27,000. FIL Ltd purchased a new position in AZEK in the 4th quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after buying an additional 592 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of AZEK during the fourth quarter valued at about $38,000. Finally, Blue Trust Inc. increased its position in shares of AZEK by 94.2% during the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock worth $85,000 after acquiring an additional 877 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AZEK has been the subject of a number of analyst reports. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Raymond James set a $51.50 target price on AZEK in a research report on Tuesday, March 25th. Stephens decreased 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 report on Thursday, May 8th. BMO Capital Markets lifted 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. Finally, Citigroup reaffirmed a "neutral" rating and issued a $51.50 price target (down from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $53.93.

AZEK Stock Performance

Shares of NYSE AZEK traded down $0.88 during midday trading on Friday, hitting $52.82. The company's stock had a trading volume of 3,387,611 shares, compared to its average volume of 2,360,286. 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 AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The firm's fifty day moving average price is $49.00 and its 200-day moving average price is $48.81. The firm has a market cap of $7.60 billion, a P/E ratio of 53.35, a P/E/G ratio of 1.91 and a beta of 1.82.

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

Insider Activity at AZEK

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

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.