The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP boosted its stake in The AZEK Company Inc. (NYSE:AZEK) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,084,014 shares of the company’s stock after buying an additional 216,849 shares during the period. Wasatch Advisors LP owned 1.46% of AZEK worth $98,928,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in AZEK during the fourth quarter worth approximately $27,000. FIL Ltd purchased a new position in shares of AZEK in the fourth quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after purchasing an additional 592 shares during the period. Avalon Trust Co acquired a new stake in AZEK during the 4th quarter valued at $38,000. Finally, GAMMA Investing LLC lifted its holdings in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Activity

In other news, CEO Jesse G. Singh sold 15,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total value of $615,450.00. Following the sale, the chief executive officer now directly owns 868,765 shares in the company, valued at $35,645,427.95. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

AZEK Trading Down 1.2 %

Shares of AZEK opened at $46.66 on Wednesday. The stock has a fifty day moving average price of $46.23 and a two-hundred day moving average price of $47.55. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 47.14, a PEG ratio of 1.91 and a beta of 1.86. 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 52-week low of $35.48 and a 52-week high of $54.91.

AZEK (NYSE:AZEK) last issued its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AZEK. Wolfe Research restated a “peer perform” rating on shares of AZEK in a report on Wednesday, March 26th. Citigroup reissued a “neutral” rating and set a $51.50 price objective (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Barclays decreased their target price on AZEK from $64.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Raymond James set a $51.50 price target on shares of AZEK in a research report on Tuesday, March 25th. Finally, William Blair reiterated a “market perform” rating on shares of AZEK in a research note on Monday, March 24th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.40.

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.