13,217 Shares in The AZEK Company Inc. (NYSE:AZEK) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in The AZEK Company Inc. (NYSE:AZEK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,217 shares of the company’s stock, valued at approximately $627,000.

A number of other hedge funds also recently modified their holdings of AZEK. FMR LLC raised its holdings in shares of AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company’s stock worth $584,431,000 after buying an additional 5,499,986 shares in the last quarter. Norges Bank acquired a new position in AZEK during the fourth quarter worth $94,987,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of AZEK by 72.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,957,094 shares of the company’s stock valued at $92,903,000 after acquiring an additional 823,588 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of AZEK by 101.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 859,910 shares of the company’s stock valued at $40,820,000 after purchasing an additional 433,125 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company’s stock worth $156,396,000 after purchasing an additional 429,574 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

Insider Activity

In related news, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the sale, the chief executive officer now owns 868,765 shares in the company, valued at $35,645,427.95. This represents a 1.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is currently owned by company insiders.

AZEK Price Performance

AZEK opened at $49.98 on Friday. The company has a fifty day moving average price of $46.04 and a two-hundred day moving average price of $47.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The firm has a market capitalization of $7.18 billion, a PE ratio of 50.48, a P/E/G ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91.

AZEK (NYSE:AZEK) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 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, analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Robert W. Baird restated a “neutral” rating and issued a $53.00 price target (down from $58.00) on shares of AZEK in a research 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 report on Thursday, April 17th. William Blair reissued a “market perform” rating on shares of AZEK in a research note on Monday, March 24th. Stephens lowered AZEK from an “overweight” rating to a “mixed” rating in a research note on Monday, March 24th. Finally, BMO Capital Markets upped their price target on shares of AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.53.

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.