The AZEK Company Inc. (NYSE:AZEK) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC increased its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,145 shares of the company's stock after purchasing an additional 6,638 shares during the period. Townsquare Capital LLC owned 0.06% of AZEK worth $3,994,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC purchased a new position in shares of AZEK in the fourth quarter worth $27,000. FIL Ltd purchased a new stake in AZEK in the 4th quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after purchasing an additional 592 shares during the last quarter. Avalon Trust Co bought a new stake in shares of AZEK in the fourth quarter worth about $38,000. Finally, GAMMA Investing LLC lifted its position in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

AZEK Trading Up 1.1 %

Shares of NYSE:AZEK traded up $0.53 during trading on Friday, reaching $46.93. 3,422,787 shares of the company were exchanged, compared to its average volume of 2,181,688. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The firm has a market capitalization of $6.74 billion, a PE ratio of 47.41, a P/E/G ratio of 1.91 and a beta of 1.86. The business's fifty day simple moving average is $46.03 and its 200-day simple moving average is $47.56. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the sale, the chief executive officer now directly owns 883,765 shares of the company's stock, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. BMO Capital Markets upped 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. Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. William Blair restated a "market perform" rating on shares of AZEK in a report on Monday, March 24th. Loop Capital dropped their price target on AZEK from $55.00 to $49.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Citigroup reaffirmed 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. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $53.53.

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.