CenterBook Partners LP increased its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 118.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,704 shares of the company's stock after purchasing an additional 6,880 shares during the period. CenterBook Partners LP's holdings in AZEK were worth $603,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of AZEK by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company's stock worth $685,032,000 after buying an additional 54,725 shares during the period. FMR LLC boosted its holdings in 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 acquiring an additional 5,499,986 shares during the period. Alliancebernstein L.P. grew its position in AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock valued at $156,396,000 after acquiring an additional 429,574 shares in the last quarter. State Street Corp increased its stake in AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company's stock worth $114,729,000 after purchasing an additional 45,774 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of AZEK by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock worth $109,105,000 after purchasing an additional 12,644 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company's stock.
Insider Buying and Selling at AZEK
In other news, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the sale, the chief executive officer now owns 868,765 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.20% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on AZEK. BMO Capital Markets upped their target price on shares of AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, March 24th. Raymond James set a $51.50 target price on AZEK in a report on Tuesday, March 25th. Wolfe Research reaffirmed a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. William Blair reissued a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. Finally, Citigroup reiterated a "neutral" rating and issued a $51.50 price target (down previously from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, AZEK currently has a consensus rating of "Hold" and an average price target of $53.40.
View Our Latest Analysis on AZEK
AZEK Stock Performance
Shares of AZEK stock traded down $0.59 during trading hours on Tuesday, hitting $46.66. The stock had a trading volume of 2,283,747 shares, compared to its average volume of 2,156,429. The stock's 50 day moving average is $46.32 and its 200 day moving average is $47.56. The firm 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 twelve month low of $35.48 and a twelve month high of $54.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19.
AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (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, research analysts forecast that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.
AZEK Company Profile
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Free Report)
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.
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