The AZEK Company Inc. (NYSE:AZEK) Shares Purchased by Paladin Wealth LLC

Paladin Wealth LLC raised its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 1,537.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,722 shares of the company's stock after acquiring an additional 12,884 shares during the quarter. Paladin Wealth LLC's holdings in AZEK were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in AZEK during the fourth quarter valued at about $27,000. ORG Wealth Partners LLC bought a new stake in AZEK during the third quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position in AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock valued at $35,000 after purchasing an additional 487 shares in the last quarter. GAMMA Investing LLC boosted its position in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company's stock valued at $44,000 after purchasing an additional 480 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

AZEK Stock Performance

AZEK stock traded up $0.18 during midday trading on Friday, hitting $50.16. 1,198,081 shares of the company were exchanged, compared to its average volume of 1,563,309. The firm has a market capitalization of $7.17 billion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 2.19 and a beta of 1.94. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The business has a fifty day simple moving average of $49.85 and a two-hundred day simple moving average of $46.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 2.56.

AZEK (NYSE:AZEK - Get Free Report) last posted its 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 return on equity of 13.47% and a net margin of 9.85%. On average, sell-side analysts forecast that The AZEK Company Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

AZEK has been the subject of a number of research analyst reports. DA Davidson increased their price target on AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their price target on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their price target on AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, Benchmark reiterated a "buy" rating and issued a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.85.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the sale, the chief executive officer now directly owns 904,152 shares of the company's stock, valued at approximately $40,668,756.96. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value 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 approximately $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,709 shares of company stock valued at $3,060,151. Company insiders own 3.20% of the company's stock.

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.