Fox Run Management L.L.C. Invests $1.51 Million in The AZEK Company Inc. (NYSE:AZEK)

Fox Run Management L.L.C. bought a new position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,859 shares of the company's stock, valued at approximately $1,512,000.

A number of other hedge funds have also recently made changes to their positions in AZEK. Swiss National Bank increased its holdings in shares of AZEK by 10.0% in the 3rd quarter. Swiss National Bank now owns 284,050 shares of the company's stock valued at $13,294,000 after acquiring an additional 25,900 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in AZEK by 8.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company's stock worth $31,415,000 after acquiring an additional 50,230 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in AZEK during the 3rd quarter worth about $256,000. Charles Schwab Investment Management Inc. grew its stake in AZEK by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,145,302 shares of the company's stock valued at $53,600,000 after purchasing an additional 28,080 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of AZEK by 24.5% in the third quarter. Eagle Asset Management Inc. now owns 259,762 shares of the company's stock valued at $12,219,000 after purchasing an additional 51,177 shares during the period. 97.44% of the stock is currently owned by institutional investors.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 15,000 shares of the firm's stock in a transaction that occurred 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 directly owns 868,765 shares in the company, valued at approximately $35,645,427.95. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 55,000 shares of company stock worth $2,518,624. 3.20% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AZEK shares. BMO Capital Markets lifted their price objective on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. William Blair reiterated a "market perform" rating on shares of AZEK in a research report on Monday. Robert W. Baird reiterated a "neutral" rating and issued a $53.00 price objective (down from $58.00) on shares of AZEK in a report on Monday. Finally, Stephens reissued an "equal weight" rating and set a $58.00 target price on shares of AZEK in a report on Monday. 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 data from MarketBeat.com, AZEK currently has a consensus rating of "Hold" and a consensus price target of $54.32.

AZEK Trading Up 0.5 %

AZEK stock traded up $0.27 during trading on Tuesday, hitting $48.83. The company had a trading volume of 4,076,018 shares, compared to its average volume of 1,751,385. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The company's 50 day simple moving average is $47.39 and its 200-day simple moving average is $47.23. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 49.31, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping 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%. As a group, analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

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.