The AZEK Company Inc. (NYSE:AZEK) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,328 shares of the company’s stock after selling 2,260 shares during the period. California State Teachers Retirement System owned approximately 0.09% of AZEK worth $6,424,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of AZEK by 80.7% during the 4th quarter. FMR LLC now owns 12,311,577 shares of the company’s stock valued at $584,431,000 after purchasing an additional 5,499,986 shares in the last quarter. Norges Bank bought a new position in shares of AZEK during the 4th quarter valued at about $94,987,000. Balyasny Asset Management L.P. boosted its position in shares of AZEK by 493.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,681,629 shares of the company’s stock valued at $79,827,000 after purchasing an additional 1,398,340 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of AZEK by 72.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,957,094 shares of the company’s stock valued at $92,903,000 after purchasing an additional 823,588 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of AZEK by 4,255.1% during the 4th quarter. Tidal Investments LLC now owns 461,076 shares of the company’s stock valued at $21,887,000 after purchasing an additional 450,489 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 15,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the transaction, the chief executive officer now owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AZEK has been the subject of several research reports. Robert W. Baird raised their price objective on shares of AZEK from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Loop Capital reduced their price objective on shares of AZEK from $55.00 to $49.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. William Blair restated a “market perform” rating on shares of AZEK in a research report on Monday, March 24th. BMO Capital Markets raised their target price on shares of AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, March 24th. Finally, Citigroup reiterated a “neutral” rating and issued a $51.50 target price (down from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.93.

AZEK Price Performance

Shares of AZEK opened at $49.48 on Monday. The firm has a market cap of $7.12 billion, a PE ratio of 49.98, a PEG ratio of 1.91 and a beta of 1.86. The firm’s 50 day moving average price is $48.69 and its 200 day moving average price is $48.63. 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 AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The company had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

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.