ExodusPoint Capital Management LP acquired a new position in The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,862 shares of the company's stock, valued at approximately $563,000.
A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in AZEK during the fourth quarter valued at about $94,987,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of AZEK by 72.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,957,094 shares of the company's stock valued at $92,903,000 after purchasing an additional 823,588 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of AZEK by 15.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock valued at $156,396,000 after buying an additional 429,574 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AZEK in the 4th quarter valued at approximately $19,436,000. Finally, Gradient Investments LLC raised its holdings in AZEK by 834.9% during the 4th quarter. Gradient Investments LLC now owns 410,233 shares of the company's stock valued at $19,474,000 after buying an additional 366,352 shares during the period. 97.44% of the stock is owned by institutional investors.
AZEK Stock Performance
AZEK stock traded down $0.59 during mid-day trading on Tuesday, reaching $46.66. 2,283,747 shares of the company traded hands, compared to its average volume of 2,151,993. The firm's fifty day moving average is $46.32 and its two-hundred day moving average is $47.56. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 47.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. 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 current ratio of 2.56 and a quick ratio of 1.19.
AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) 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%. On average, equities research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.
Insider Transactions at AZEK
In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the sale, the chief executive officer now owns 883,765 shares in the company, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.20% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Citigroup restated a "neutral" rating and issued a $51.50 target price (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Barclays dropped their target price on shares of AZEK from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Baird R W lowered AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Raymond James set a $51.50 target price on AZEK in a research report on Tuesday, March 25th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, AZEK has a consensus rating of "Hold" and a consensus price target of $53.40.
Get Our Latest Stock Analysis on AZEK
AZEK Company Profile
(
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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