Proficio Capital Partners LLC purchased a new position in The AZEK Company Inc. (NYSE:AZEK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,095 shares of the company's stock, valued at approximately $717,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in AZEK by 8.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company's stock worth $31,415,000 after purchasing an additional 50,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of AZEK by 105.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company's stock worth $2,845,000 after purchasing an additional 31,193 shares during the last quarter. State Street Corp increased its stake in AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company's stock worth $114,729,000 after buying an additional 45,774 shares during the period. Algert Global LLC lifted its holdings in AZEK by 18.5% during the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company's stock valued at $5,590,000 after buying an additional 18,690 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in AZEK by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock worth $93,564,000 after acquiring an additional 90,206 shares in the last quarter. 97.44% of the stock is owned by institutional investors.
AZEK Stock Down 0.1 %
Shares of AZEK stock traded down $0.06 during trading hours on Wednesday, reaching $48.96. 9,401,768 shares of the company's stock were exchanged, compared to its average volume of 1,811,793. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. 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 stock has a market cap of $7.03 billion, a PE ratio of 49.45, a PEG ratio of 1.91 and a beta of 1.95. The stock's fifty day moving average price is $47.42 and its two-hundred day moving average price is $47.28.
AZEK (NYSE:AZEK - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share 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%. Research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.
Insider Buying and Selling
In related news, CEO Jesse G. Singh sold 15,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was 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 in the company, valued at $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 55,000 shares of company stock worth $2,518,624 in the last 90 days. Insiders own 3.20% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price target on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a report on Monday. Royal Bank of Canada lifted their price objective on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Citigroup reissued a "neutral" rating and set a $51.50 target price (down previously from $61.00) on shares of AZEK in a research report on Tuesday. Wolfe Research reaffirmed a "peer perform" rating on shares of AZEK in a research report on Wednesday. Finally, Baird R W lowered shares of AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday. Nine investment 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.com, AZEK has an average rating of "Hold" and a consensus target price of $54.32.
View Our Latest Analysis on AZEK
About AZEK
(
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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