Dark Forest Capital Management LP Purchases 5,372 Shares of The AZEK Company Inc. (NYSE:AZEK)

Dark Forest Capital Management LP lifted its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 82.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,919 shares of the company's stock after purchasing an additional 5,372 shares during the quarter. Dark Forest Capital Management LP's holdings in AZEK were worth $566,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 in the last quarter. FMR LLC raised its position in AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after purchasing an additional 5,499,986 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of AZEK by 15.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock worth $156,396,000 after purchasing an additional 429,574 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of AZEK by 11.6% in the fourth quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company's stock valued at $98,928,000 after buying an additional 216,849 shares in the last quarter. Finally, Norges Bank acquired a new position in AZEK during the 4th quarter worth about $94,987,000. Institutional investors and hedge funds own 97.44% of the company's stock.

Insider Transactions at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the 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 owns 868,765 shares in the company, valued at $35,645,427.95. This represents a 1.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company's stock.

AZEK Stock Up 0.6 %

AZEK stock traded up $0.29 during trading hours on Tuesday, reaching $49.46. 1,923,019 shares of the stock were exchanged, compared to its average volume of 2,211,729. The firm's 50-day moving average is $45.82 and its 200-day moving average is $47.75. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 49.96, a PEG ratio of 1.91 and a beta of 1.86. 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 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%. On average, equities research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AZEK shares. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Stephens lowered AZEK from an "overweight" rating to a "mixed" rating in a research report on Monday, March 24th. Barclays cut their target price on shares of AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $53.00 price target (down previously from $58.00) on shares of AZEK in a research report on Monday, March 24th. Nine 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, the stock has an average rating of "Hold" and a consensus price target of $53.53.

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.