Axa S.A. Has $21.20 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

AXA S.A. raised its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 260.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 446,544 shares of the company's stock after acquiring an additional 322,544 shares during the period. AXA S.A. owned approximately 0.31% of AZEK worth $21,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in AZEK by 96.0% during the third quarter. Barclays PLC now owns 191,588 shares of the company's stock worth $8,966,000 after acquiring an additional 93,819 shares during the period. Tidal Investments LLC increased its holdings in shares of AZEK by 69.8% during the third quarter. Tidal Investments LLC now owns 10,587 shares of the company's stock worth $495,000 after purchasing an additional 4,352 shares during the period. GAMMA Investing LLC increased its holdings in shares of AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after purchasing an additional 239 shares during the period. Winthrop Advisory Group LLC acquired a new stake in shares of AZEK in the fourth quarter valued at approximately $262,000. Finally, Artemis Investment Management LLP boosted its stake in shares of AZEK by 40.8% in the fourth quarter. Artemis Investment Management LLP now owns 661,057 shares of the company's stock valued at $31,380,000 after buying an additional 191,453 shares during the period. Institutional investors and hedge funds own 97.44% of the company's stock.

AZEK Price Performance

Shares of AZEK traded up $0.45 during trading hours on Friday, reaching $50.33. The stock had a trading volume of 979,894 shares, compared to its average volume of 2,215,438. 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 12 month low of $35.48 and a 12 month high of $54.91. The stock has a market capitalization of $7.23 billion, a PE ratio of 50.84, a PEG ratio of 1.91 and a beta of 1.86. The company's 50-day moving average is $46.43 and its two-hundred day moving average is $48.09.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AZEK shares. Robert W. Baird lifted their price objective on AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday. Loop Capital cut their price objective on shares of AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. BMO Capital Markets raised their target price on shares of AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a report on Monday, March 24th. Barclays boosted their target price on shares of AZEK from $53.00 to $57.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Citigroup reissued a "neutral" rating and issued a $51.50 price objective (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Ten 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.com, AZEK has a consensus rating of "Hold" and a consensus target price of $53.93.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the transaction, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at approximately $35,645,427.95. The trade was a 1.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.20% of the company's stock.

About AZEK

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.