Lisanti Capital Growth LLC Makes New Investment in The AZEK Company Inc. (NYSE:AZEK)

Lisanti Capital Growth LLC bought a new stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,435 shares of the company's stock, valued at approximately $4,056,000. Lisanti Capital Growth LLC owned about 0.06% of AZEK at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in shares of AZEK during the 4th quarter worth $27,000. Farther Finance Advisors LLC boosted its stake in AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock valued at $35,000 after acquiring an additional 487 shares during the last quarter. GAMMA Investing LLC grew its position in shares of AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after acquiring an additional 239 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZEK during the 3rd quarter worth approximately $59,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of AZEK in the 3rd quarter worth approximately $84,000. 97.44% of the stock is owned by institutional investors.

AZEK Price Performance

Shares of NYSE AZEK traded down $0.28 during midday trading on Tuesday, hitting $40.08. 2,308,620 shares of the company's stock were exchanged, compared to its average volume of 1,737,035. The business's fifty day moving average price is $48.39 and its two-hundred day moving average price is $47.27. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 1.91 and a beta of 1.95. 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 AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91.

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

Insider Activity at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares in the company, valued at $881,496. This represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $53.32, for a total value of $1,066,400.00. Following the transaction, the chief executive officer now directly owns 923,765 shares in the company, valued at $49,255,149.80. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,709 shares of company stock valued at $3,060,151 over the last 90 days. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

AZEK has been the subject of a number of recent research reports. Citigroup raised AZEK from a "neutral" rating to a "buy" rating and raised their target price for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. BMO Capital Markets lifted their price objective on AZEK from $52.00 to $54.00 and gave the stock a "market perform" rating in a report on Thursday, February 6th. DA Davidson upped their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, Royal Bank of Canada upped their price target on shares of AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AZEK currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.85.

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.