The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Investment House LLC

Investment House LLC raised its position in The AZEK Company Inc. (NYSE:AZEK) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,255 shares of the company’s stock after acquiring 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.

Several other institutional investors also recently bought and sold shares of AZEK. Empowered Funds LLC acquired a new stake in AZEK in the fourth quarter valued at approximately $27,000. Avalon Trust Co acquired a new stake in AZEK in the fourth quarter valued at approximately $38,000. GAMMA Investing LLC lifted its stake in shares of AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after buying an additional 239 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of AZEK during the third quarter worth $59,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of AZEK during the third quarter worth $84,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jesse G. Singh sold 20,387 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 883,765 shares in the company, valued at $44,258,951.20. This represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 55,000 shares of company stock worth $2,518,624. Company insiders own 3.20% of the company’s stock.

AZEK Trading Down 1.7 %

Shares of AZEK stock opened at $40.77 on Wednesday. The firm has a 50-day simple moving average of $47.56 and a two-hundred day simple moving average of $47.18. The company has a market cap of $5.86 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week 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 quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial lifted their price objective on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Barclays lifted their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird raised their target price on shares of AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, AZEK presently has an average rating of “Moderate Buy” and an average target price 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.