Shay Capital LLC Takes Position in The AZEK Company Inc. (NYSE:AZEK)

Shay Capital LLC bought a new stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,200 shares of the company's stock, valued at approximately $294,000.

A number of other large investors have also modified their holdings of the business. Blue Trust Inc. boosted its position in AZEK by 94.2% in the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock valued at $85,000 after buying an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in AZEK by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock valued at $55,519,000 after acquiring an additional 24,249 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of AZEK during the 4th quarter worth approximately $717,000. Raymond James Financial Inc. acquired a new position in shares of AZEK during the 4th quarter worth approximately $19,436,000. Finally, Sanctuary Advisors LLC raised its stake in AZEK by 6.1% in the 4th quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company's stock valued at $620,000 after purchasing an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AZEK. BMO Capital Markets increased their price objective on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, March 24th. Robert W. Baird raised their target price on AZEK from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. UBS Group lowered their target price on AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Barclays raised their price target on AZEK from $53.00 to $57.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, William Blair reissued a "market perform" rating on shares of AZEK in a report on Monday, March 24th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $53.93.

Insider Buying and Selling

In other news, CEO Jesse G. Singh sold 15,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total value 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 trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.

AZEK Stock Down 0.8%

Shares of AZEK traded down $0.42 during mid-day trading on Tuesday, reaching $50.82. The company's stock had a trading volume of 2,967,185 shares, compared to its average volume of 2,228,853. The business has a fifty day moving average of $47.50 and a 200 day moving average of $48.45. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

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

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.