Sciencast Management LP Purchases New Holdings in The AZEK Company Inc. (NYSE:AZEK)

Sciencast Management LP acquired a new stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,257 shares of the company's stock, valued at approximately $2,243,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of AZEK by 8.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company's stock valued at $31,415,000 after buying an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AZEK by 105.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company's stock valued at $2,845,000 after acquiring an additional 31,193 shares during the last quarter. State Street Corp raised its position in AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company's stock valued at $114,729,000 after purchasing an additional 45,774 shares in the last quarter. Algert Global LLC lifted its stake in AZEK by 18.5% during the third quarter. Algert Global LLC now owns 119,453 shares of the company's stock worth $5,590,000 after purchasing an additional 18,690 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 90,206 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

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AZEK Trading Down 0.1 %

NYSE AZEK traded down $0.06 on Wednesday, hitting $48.96. The company's stock had a trading volume of 9,510,544 shares, compared to its average volume of 1,812,116. The firm has a market cap of $7.03 billion, a P/E ratio of 49.45, a PEG ratio of 1.91 and a beta of 1.95. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company's 50-day simple moving average is $47.42 and its 200 day simple moving average is $47.28. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK - Get Free Report) last announced 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 return on equity of 13.47% and a net margin of 9.85%. Research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AZEK shares. The Goldman Sachs Group raised their price objective on AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a report on Thursday, December 12th. William Blair reissued a "market perform" rating on shares of AZEK in a research note on Monday. Royal Bank of Canada boosted their price objective on shares of AZEK from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Barclays increased their target price on shares of AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets boosted their price target on shares of AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $54.32.

Insider Activity

In other 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 completion of the transaction, the chief executive officer now owns 904,152 shares in the company, valued at $40,668,756.96. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 55,000 shares of company stock valued at $2,518,624. Corporate insiders own 3.20% of the company's stock.

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.