The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,439 shares of the company's stock after selling 50,024 shares during the period. Gotham Asset Management LLC owned approximately 0.12% of AZEK worth $8,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Eisler Capital Management Ltd. purchased a new stake in shares of AZEK in the fourth quarter worth about $1,806,000. Ensign Peak Advisors Inc boosted its position in shares of AZEK by 53.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 132,910 shares of the company's stock worth $6,309,000 after buying an additional 46,019 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of AZEK by 16.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 254,847 shares of the company's stock worth $12,098,000 after buying an additional 35,778 shares during the period. Crestline Management LP purchased a new stake in shares of AZEK in the fourth quarter worth about $3,821,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of AZEK by 71.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 86,380 shares of the company's stock worth $4,100,000 after buying an additional 36,045 shares during the period. Hedge funds and other institutional investors own 97.44% of the company's stock.

AZEK Stock Down 0.3%

NYSE AZEK traded down $0.14 on Friday, hitting $51.19. 1,565,105 shares of the stock traded hands, compared to its average volume of 2,217,942. The stock has a 50-day moving average of $47.29 and a 200 day moving average of $48.40. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The company has a market capitalization of $7.35 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. UBS Group decreased their target price on AZEK from $55.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird increased their price target on AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $51.50 price target (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Finally, Baird R W downgraded AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $53.93.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was 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 in the company, valued at approximately $35,645,427.95. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

AZEK 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.