Wasatch Advisors LP Has $98.93 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

Wasatch Advisors LP boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,084,014 shares of the company's stock after buying an additional 216,849 shares during the quarter. Wasatch Advisors LP owned approximately 1.46% of AZEK worth $98,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in shares of AZEK by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company's stock valued at $1,052,000 after buying an additional 4,454 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of AZEK during the 3rd quarter valued at about $216,000. Barclays PLC increased its holdings in shares of AZEK by 96.0% in the third quarter. Barclays PLC now owns 191,588 shares of the company's stock worth $8,966,000 after purchasing an additional 93,819 shares during the last quarter. M&T Bank Corp lifted its position in shares of AZEK by 140.5% in the third quarter. M&T Bank Corp now owns 14,473 shares of the company's stock worth $677,000 after buying an additional 8,456 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in AZEK by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock valued at $109,105,000 after buying an additional 12,644 shares in the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Stock Down 1.3 %

Shares of AZEK stock traded down $0.59 during trading hours on Monday, hitting $46.32. 413,271 shares of the company were exchanged, compared to its average volume of 2,174,897. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91. 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 stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 46.79, a P/E/G ratio of 1.91 and a beta of 1.86. The business's 50-day simple moving average is $46.03 and its two-hundred day simple moving average is $47.56.

AZEK (NYSE:AZEK - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Sell-side analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insider Activity

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the company's stock in a transaction on 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 in the company, valued at $35,645,427.95. This 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 hyperlink. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AZEK has been the topic of a number of recent research reports. Wolfe Research restated a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. BMO Capital Markets raised their price objective on AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday, March 24th. Robert W. Baird reiterated 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. Barclays decreased their price target on shares of AZEK from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Raymond James set a $51.50 target price on AZEK in a research note on Tuesday, March 25th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $53.53.

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.