Frontier Capital Management Co. LLC grew its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 16.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,847 shares of the company's stock after buying an additional 35,778 shares during the quarter. Frontier Capital Management Co. LLC owned 0.18% of AZEK worth $12,098,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of AZEK by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company's stock worth $85,000 after acquiring an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AZEK by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company's stock worth $55,519,000 after acquiring an additional 24,249 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of AZEK in the 4th quarter worth $717,000. Raymond James Financial Inc. bought a new position in shares of AZEK in the 4th quarter worth $19,436,000. Finally, Sanctuary Advisors LLC raised its position in shares of AZEK by 6.1% in the 4th quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company's stock worth $620,000 after acquiring an additional 689 shares in the last quarter. 97.44% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on AZEK. Barclays upped their target price on AZEK from $53.00 to $57.00 and gave the company an "overweight" rating in a research report on Thursday. Raymond James set a $51.50 target price on AZEK in a research report on Tuesday, March 25th. UBS Group reduced their target price on AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Loop Capital reduced their target price on AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, Baird R W lowered AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AZEK presently has a consensus rating of "Hold" and a consensus price target of $53.93.
Get Our Latest Stock Analysis on AZEK
AZEK Stock Performance
Shares of AZEK stock traded up $1.18 during mid-day trading on Monday, reaching $51.47. The stock had a trading volume of 2,424,786 shares, compared to its average volume of 2,216,276. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year 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 market cap of $7.40 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 1.91 and a beta of 1.86. The business's fifty day moving average is $46.54 and its 200-day moving average is $48.19.
AZEK (NYSE:AZEK - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, topping 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 firm had revenue of $452.23 million for the quarter, compared to the consensus estimate of $444.75 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. On average, research analysts forecast that The AZEK Company Inc. will post 1.34 earnings per share for the current year.
Insiders Place Their Bets
In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction that occurred on 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 owns 868,765 shares in the company, valued at approximately $35,645,427.95. This 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 currently owned by company insiders.
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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