The AZEK Company Inc. (NYSE:AZEK) Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 81.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,022 shares of the company’s stock after purchasing an additional 907 shares during the quarter. Cwm LLC’s holdings in AZEK were worth $77,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in AZEK by 7.3% in the third quarter. Vanguard Group Inc. now owns 13,012,414 shares of the company’s stock valued at $386,989,000 after acquiring an additional 881,697 shares in the last quarter. Invesco Ltd. grew its stake in shares of AZEK by 46.3% during the third quarter. Invesco Ltd. now owns 2,697,856 shares of the company’s stock worth $80,234,000 after purchasing an additional 853,656 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in AZEK by 11.3% in the third quarter. Loomis Sayles & Co. L P now owns 2,428,049 shares of the company’s stock valued at $72,210,000 after buying an additional 246,212 shares during the last quarter. FMR LLC raised its stake in AZEK by 54.2% in the third quarter. FMR LLC now owns 2,348,478 shares of the company’s stock valued at $69,844,000 after buying an additional 825,683 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in AZEK by 1.8% during the 3rd quarter. American Century Companies Inc. now owns 1,976,725 shares of the company’s stock worth $58,788,000 after buying an additional 35,542 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Down 2.1 %

Shares of AZEK stock opened at $46.15 on Wednesday. The company has a market cap of $6.82 billion, a P/E ratio of 58.42, a PEG ratio of 1.50 and a beta of 1.93. The firm has a fifty day moving average of $47.87 and a two-hundred day moving average of $40.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.67 and a current ratio of 2.99. The AZEK Company Inc. has a one year low of $23.08 and a one year high of $50.78.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. AZEK had a net margin of 8.57% and a return on equity of 9.61%. The firm had revenue of $240.44 million during the quarter, compared to the consensus estimate of $234.12 million. On average, analysts forecast that The AZEK Company Inc. will post 1.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AZEK shares. Citigroup raised their target price on AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Robert W. Baird upped their target price on shares of AZEK from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, April 8th. TheStreet upgraded shares of AZEK from a “c+” rating to a “b-” rating in a research note on Wednesday, January 31st. Stephens upped their price objective on shares of AZEK from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, B. Riley lifted their target price on AZEK from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, AZEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.94.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.34, for a total transaction of $589,420.00. Following the transaction, the chief executive officer now owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.34, for a total value of $589,420.00. Following the completion of the sale, the chief executive officer now owns 1,184,444 shares in the company, valued at $53,702,690.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle A. Kasson sold 94,431 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.47, for a total transaction of $4,671,501.57. Following the sale, the insider now directly owns 23,544 shares in the company, valued at approximately $1,164,721.68. The disclosure for this sale can be found here. In the last three months, insiders sold 130,431 shares of company stock valued at $6,356,622. Corporate insiders own 3.10% of the company’s stock.

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.