The AZEK Company Inc. (NYSE:AZEK) Shares Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lifted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,014,781 shares of the company's stock after buying an additional 80,719 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 0.71% of AZEK worth $48,172,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC purchased a new position in shares of AZEK during the 4th quarter worth approximately $27,000. FIL Ltd purchased a new position in AZEK in the fourth quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 valued at $33,000 after buying an additional 592 shares in the last quarter. Avalon Trust Co purchased a new position in shares of AZEK in the fourth quarter valued at $38,000. Finally, GAMMA Investing LLC increased its position in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after buying an additional 239 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company's stock.

AZEK Stock Up 0.4 %

Shares of NYSE:AZEK traded up $0.22 during mid-day trading on Tuesday, hitting $49.39. 531,765 shares of the company traded hands, compared to its average volume of 2,206,345. The firm has a market cap of $7.10 billion, a P/E ratio of 49.85, a PEG ratio of 1.91 and a beta of 1.86. 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 52-week low of $35.48 and a 52-week high of $54.91. The firm's 50 day simple moving average is $45.82 and its 200 day simple moving average is $47.75.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, equities analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the sale, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at approximately $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AZEK. Barclays dropped their price target on AZEK from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. William Blair restated a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Robert W. Baird restated a "neutral" rating and issued a $53.00 price target (down previously from $58.00) on shares of AZEK in a research report on Monday, March 24th. Citigroup reaffirmed a "neutral" rating and set a $51.50 price objective (down previously from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Finally, Baird R W lowered AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, AZEK has an average rating of "Hold" and an average target price of $53.53.

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.