Investment House LLC Buys 290 Shares of The AZEK Company Inc. (NYSE:AZEK)

Investment House LLC raised its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,255 shares of the company’s stock after purchasing an additional 290 shares during the period. Investment House LLC’s holdings in AZEK were worth $1,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in shares of AZEK during the 4th quarter valued at about $27,000. Avalon Trust Co purchased a new stake in shares of AZEK during the 4th quarter valued at about $38,000. GAMMA Investing LLC raised its position in shares of AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after buying an additional 239 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZEK during the 3rd quarter valued at about $59,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of AZEK during the 3rd quarter valued at about $84,000. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

AZEK Stock Performance

Shares of NYSE:AZEK opened at $40.77 on Wednesday. The firm has a market cap of $5.86 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95. The firm’s 50 day simple moving average is $47.56 and its 200-day simple moving average is $47.18. 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.

AZEK (NYSE:AZEK) last issued its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. As a group, equities analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insider Activity

In other news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 883,765 shares in the company, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 55,000 shares of company stock worth $2,518,624. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AZEK. Robert W. Baird upped their target price on shares of AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Barclays increased their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial increased their price objective on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.85.

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.