47,257 Shares in The AZEK Company Inc. (NYSE:AZEK) Purchased by Sciencast Management LP

Sciencast Management LP purchased a new stake in shares of The AZEK Company Inc. (NYSE:AZEK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 47,257 shares of the company’s stock, valued at approximately $2,243,000.

Several other institutional investors and hedge funds have also bought and sold shares of AZEK. Empowered Funds LLC bought a new position in shares of AZEK during the fourth quarter valued at approximately $27,000. Avalon Trust Co purchased a new position in AZEK during the 4th quarter valued at $38,000. GAMMA Investing LLC raised its holdings in AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZEK in the 3rd quarter worth about $59,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of AZEK during the 3rd quarter valued at about $84,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Insider Activity

In other news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction on Monday, February 10th. The stock was 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 of the company’s stock, valued at $44,258,951.20. This represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 55,000 shares of company stock valued at $2,518,624 in the last 90 days. 3.20% of the stock is currently owned by insiders.

AZEK Price Performance

Shares of NYSE AZEK opened at $41.39 on Friday. The firm has a market cap of $5.95 billion, a P/E ratio of 41.80, a PEG ratio of 1.91 and a beta of 1.95. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $47.32 and a 200 day moving average of $47.10.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AZEK. Robert W. Baird increased their price target on shares of AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Citigroup raised AZEK from a “neutral” rating to a “buy” rating and increased their target price for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Barclays lifted their price target on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group increased their price objective on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.85.

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.