TimesSquare Capital Management LLC Grows Holdings in The AZEK Company Inc. (NYSE:AZEK)

TimesSquare Capital Management LLC boosted its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 772,639 shares of the company's stock after purchasing an additional 11,137 shares during the quarter. TimesSquare Capital Management LLC owned about 0.53% of AZEK worth $36,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Equitable Trust Co. grew its position in AZEK by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company's stock valued at $484,000 after purchasing an additional 226 shares during the period. Tidal Investments LLC increased its position in shares of AZEK by 3.7% during the first quarter. Tidal Investments LLC now owns 7,060 shares of the company's stock worth $355,000 after acquiring an additional 251 shares in the last quarter. Creative Planning raised its holdings in shares of AZEK by 6.6% in the 3rd quarter. Creative Planning now owns 6,987 shares of the company's stock worth $327,000 after acquiring an additional 430 shares during the last quarter. Covestor Ltd lifted its position in AZEK by 18.8% in the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company's stock valued at $129,000 after acquiring an additional 436 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company's stock worth $44,000 after purchasing an additional 480 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

Insider Buying and Selling at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $41.47, for a total transaction of $829,400.00. Following the transaction, the chief executive officer now owns 186,705 shares in the company, valued at $7,742,656.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total value of $829,400.00. Following the sale, the chief executive officer now owns 186,705 shares in the company, valued at $7,742,656.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pamela J. Edwards acquired 600 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the acquisition, the director now directly owns 8,708 shares in the company, valued at approximately $363,123.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.

AZEK Stock Performance

Shares of AZEK stock traded up $0.49 during trading on Friday, reaching $47.04. 772,272 shares of the company's stock traded hands, compared to its average volume of 1,305,038. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. The AZEK Company Inc. has a 1 year low of $27.81 and a 1 year high of $50.78. The firm's 50-day moving average is $44.26 and its 200 day moving average is $44.17. The company has a market capitalization of $6.81 billion, a P/E ratio of 41.63, a PEG ratio of 1.17 and a beta of 1.88.

AZEK (NYSE:AZEK - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. AZEK had a return on equity of 13.38% and a net margin of 11.35%. The company had revenue of $434.40 million during the quarter, compared to analysts' expectations of $396.89 million. During the same period in the prior year, the business posted $0.29 EPS. AZEK's quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts expect that The AZEK Company Inc. will post 1.05 EPS for the current year.

Analyst Upgrades and Downgrades

AZEK has been the topic of several analyst reports. BMO Capital Markets lifted their target price on AZEK from $46.00 to $49.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price target on shares of AZEK from $52.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 13th. UBS Group reduced their price objective on shares of AZEK from $47.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus dropped their target price on shares of AZEK from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Truist Financial reduced their target price on AZEK from $57.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $48.12.

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.