Masterton Capital Management LP Makes New Investment in The AZEK Company Inc. (NYSE:AZEK)

Masterton Capital Management LP bought a new stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 84,493 shares of the company's stock, valued at approximately $4,011,000. AZEK accounts for about 2.3% of Masterton Capital Management LP's holdings, making the stock its 20th biggest holding. Masterton Capital Management LP owned about 0.06% of AZEK at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in AZEK by 80.7% in the fourth quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after buying an additional 5,499,986 shares in the last quarter. Norges Bank bought a new position in shares of AZEK in the 4th quarter valued at $94,987,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of AZEK by 72.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,957,094 shares of the company's stock valued at $92,903,000 after acquiring an additional 823,588 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in AZEK by 101.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 859,910 shares of the company's stock worth $40,820,000 after acquiring an additional 433,125 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock worth $156,396,000 after purchasing an additional 429,574 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James set a $51.50 price target on AZEK in a research note on Tuesday, March 25th. Barclays reduced their target price on shares of AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. 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 report on Monday, March 24th. Finally, Wolfe Research restated a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $53.53.

Insider Activity

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the business's 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 owns 868,765 shares of the company's stock, valued at $35,645,427.95. The trade was a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.20% of the company's stock.

AZEK Stock Performance

Shares of AZEK stock traded up $0.21 during trading hours on Friday, hitting $49.98. 2,790,501 shares of the company were exchanged, compared to its average volume of 2,224,226. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $46.04 and a 200 day simple moving average of $47.86. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 50.48, a P/E/G ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 13.47% and a net margin of 9.85%. Research analysts predict 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.