The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP raised its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,084,014 shares of the company's stock after buying an additional 216,849 shares during the period. Wasatch Advisors LP owned about 1.46% of AZEK worth $98,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of AZEK by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company's stock worth $1,052,000 after buying an additional 4,454 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in AZEK in the third quarter worth about $216,000. Barclays PLC lifted its stake in AZEK by 96.0% in the third quarter. Barclays PLC now owns 191,588 shares of the company's stock worth $8,966,000 after acquiring an additional 93,819 shares during the period. M&T Bank Corp increased its position in AZEK by 140.5% during the 3rd quarter. M&T Bank Corp now owns 14,473 shares of the company's stock valued at $677,000 after purchasing an additional 8,456 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of AZEK by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock valued at $109,105,000 after purchasing an additional 12,644 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

AZEK Stock Performance

AZEK traded up $0.53 during trading on Friday, reaching $46.93. 3,422,787 shares of the company's stock were exchanged, compared to its average volume of 2,179,058. The stock has a market capitalization of $6.74 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The company's fifty day simple moving average is $46.03 and its 200-day simple moving average is $47.54. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year 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 released its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, beating 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%. As a group, research analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.08, for a total value of $1,020,980.96. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AZEK shares. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a report on Wednesday, March 26th. Baird R W lowered AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. William Blair reaffirmed a "market perform" rating on shares of AZEK in a research report on Monday, March 24th. BMO Capital Markets boosted their target price on shares of AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday, March 24th. Finally, Stephens cut shares of AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.53.

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.