The AZEK Company Inc. (NYSE:AZEK) Shares Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. grew its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 57.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,441 shares of the company's stock after purchasing an additional 54,189 shares during the quarter. Capital Fund Management S.A. owned approximately 0.10% of AZEK worth $7,046,000 at the end of the most recent quarter.

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

AZEK Stock Down 1.2 %

NYSE AZEK traded down $0.59 during trading hours on Tuesday, reaching $46.66. 2,283,747 shares of the company traded hands, compared to its average volume of 2,156,429. The company has a 50 day moving average of $46.23 and a two-hundred day moving average of $47.55. The stock has a market capitalization of $6.70 billion, a PE ratio of 47.14, a PEG ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month 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.

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AZEK (NYSE:AZEK - Get Free Report) last issued 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, equities analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 883,765 shares of the company's stock, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on AZEK. Raymond James set a $51.50 price target on shares of AZEK in a research report on Tuesday, March 25th. Stephens downgraded AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Baird R W cut AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Barclays lowered their target price on AZEK from $64.00 to $53.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup reissued a "neutral" rating and set a $51.50 price target (down from $61.00) on shares of AZEK in a research report on Tuesday, March 25th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $53.40.

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.