The AZEK Company Inc. (NYSE:AZEK) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 84,145 shares of the company's stock after purchasing an additional 6,638 shares during the period. Townsquare Capital LLC owned about 0.06% of AZEK worth $3,994,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in shares of AZEK in the 4th quarter valued at $27,000. FIL Ltd purchased a new stake in AZEK in the fourth quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock worth $33,000 after purchasing an additional 592 shares during the period. Avalon Trust Co purchased a new position in shares of AZEK during the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC lifted its holdings in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after buying an additional 239 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stephens cut AZEK from an "overweight" rating to a "mixed" rating in a research report on Monday, March 24th. Baird R W downgraded shares of AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Citigroup reaffirmed a "neutral" rating and issued a $51.50 price objective (down previously from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Loop Capital lowered their target price on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday. Finally, Wolfe Research restated a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AZEK has a consensus rating of "Hold" and an average price target of $53.53.

AZEK Price Performance

NYSE AZEK traded up $0.53 during trading hours on Friday, hitting $46.93. 3,422,787 shares of the company's stock traded hands, compared to its average volume of 2,179,058. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The firm's 50-day moving average is $46.03 and its 200-day moving average is $47.54. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company has a market capitalization of $6.74 billion, a PE ratio of 47.41, a PEG ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating 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%. Equities analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insider Buying and Selling at AZEK

In related news, CEO Jesse G. Singh sold 20,387 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 883,765 shares of the company's stock, valued at $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.

AZEK 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.