Marshall Wace LLP purchased a new position in The AZEK Company Inc. (NYSE:AZEK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,217 shares of the company's stock, valued at approximately $627,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Zacks Investment Management grew its stake in AZEK by 25.7% in the 4th quarter. Zacks Investment Management now owns 45,063 shares of the company's stock worth $2,139,000 after acquiring an additional 9,207 shares during the period. Wasatch Advisors LP boosted its holdings in shares of AZEK by 11.6% during the fourth quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company's stock worth $98,928,000 after purchasing an additional 216,849 shares during the last quarter. Mariner LLC grew its position in shares of AZEK by 13.8% in the fourth quarter. Mariner LLC now owns 19,234 shares of the company's stock valued at $913,000 after purchasing an additional 2,338 shares during the period. Barclays PLC increased its stake in AZEK by 53.1% in the fourth quarter. Barclays PLC now owns 293,284 shares of the company's stock valued at $13,921,000 after purchasing an additional 101,696 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in AZEK by 8.6% during the fourth quarter. Townsquare Capital LLC now owns 84,145 shares of the company's stock worth $3,994,000 after buying an additional 6,638 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AZEK has been the subject of several recent analyst reports. William Blair restated a "market perform" rating on shares of AZEK in a report on Monday, March 24th. Wolfe Research restated a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Stephens lowered shares of AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Robert W. Baird reissued a "neutral" rating and set a $53.00 price objective (down from $58.00) on shares of AZEK in a research note on Monday, March 24th. Finally, BMO Capital Markets increased their target price on AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.53.
View Our Latest Research Report on AZEK
Insider Activity at AZEK
In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the transaction, the chief executive officer now owns 868,765 shares of the company's stock, valued at $35,645,427.95. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.20% of the company's stock.
AZEK Stock Down 0.2 %
Shares of AZEK traded down $0.12 during midday trading on Tuesday, hitting $49.64. The company had a trading volume of 1,974,306 shares, compared to its average volume of 2,221,427. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The company's 50 day moving average price is $46.11 and its 200 day moving average price is $47.93. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 50.14, a PEG ratio of 1.91 and a beta of 1.86.
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%. On average, equities research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.
AZEK Company Profile
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Free Report)
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.
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