13,801 Shares in The AZEK Company Inc. (NYSE:AZEK) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,801 shares of the company's stock, valued at approximately $655,000.

Several other hedge funds have also recently added to or reduced their stakes in AZEK. Empowered Funds LLC acquired a new position in AZEK during the fourth quarter worth $27,000. Avalon Trust Co acquired a new stake in shares of AZEK in the fourth quarter valued at $38,000. GAMMA Investing LLC raised its holdings in shares of AZEK by 39.1% in the fourth 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in AZEK during the 3rd quarter worth about $59,000. Finally, Millburn Ridgefield Corp bought a new position in shares of AZEK in the third quarter worth about $84,000. Institutional investors and hedge funds own 97.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on AZEK. Wolfe Research restated a "peer perform" rating on shares of AZEK in a research report on Wednesday. BMO Capital Markets upped their target price on shares of AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research report on Monday. Robert W. Baird restated a "neutral" rating and issued a $53.00 price target (down from $58.00) on shares of AZEK in a research report on Monday. Barclays upped their price objective on AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, Baird R W cut shares of AZEK from a "strong-buy" rating to a "hold" rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $54.32.

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Insiders Place Their Bets

In related news, CEO Jesse G. Singh sold 15,000 shares of AZEK 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 transaction, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at $35,645,427.95. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is currently owned by insiders.

AZEK Price Performance

NYSE:AZEK traded down $0.14 during trading hours on Friday, reaching $49.65. 6,009,594 shares of the company were exchanged, compared to its average volume of 1,920,716. The company has a market capitalization of $7.13 billion, a P/E ratio of 50.15, a P/E/G ratio of 1.91 and a beta of 1.95. 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 business has a 50 day moving average of $47.41 and a 200 day moving average of $47.31. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Research analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current year.

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.