The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Zacks Investment Management

Zacks Investment Management grew its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,063 shares of the company's stock after buying an additional 9,207 shares during the period. Zacks Investment Management's holdings in AZEK were worth $2,139,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in AZEK by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company's stock worth $685,032,000 after acquiring an additional 54,725 shares in the last quarter. FMR LLC increased its stake in shares of AZEK by 80.7% in the fourth quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after buying an additional 5,499,986 shares during the period. Alliancebernstein L.P. boosted its holdings in AZEK by 15.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock valued at $156,396,000 after acquiring an additional 429,574 shares during the last quarter. Wasatch Advisors LP boosted its holdings in AZEK by 11.6% in the fourth quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company's stock valued at $98,928,000 after acquiring an additional 216,849 shares during the last quarter. Finally, Norges Bank bought a new stake in AZEK in the fourth quarter valued at approximately $94,987,000. Institutional investors own 97.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AZEK. Robert W. Baird restated a "neutral" rating and set a $53.00 price target (down from $58.00) on shares of AZEK in a report on Monday, March 24th. Loop Capital dropped their price target on AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Wolfe Research reaffirmed a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Baird R W cut shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Raymond James set a $51.50 price target on shares of AZEK in a research report on Tuesday, March 25th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $53.53.

AZEK Trading Up 2.1 %

Shares of NYSE AZEK traded up $1.04 during trading hours on Thursday, reaching $49.44. The stock had a trading volume of 829,055 shares, compared to its average volume of 3,220,384. The business's fifty day moving average price is $45.88 and its two-hundred day moving average price is $47.58. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 49.98, a P/E/G ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. 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 released its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insider Buying and Selling at AZEK

In other 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 transaction of $1,020,980.96. Following the transaction, the chief executive officer now owns 883,765 shares in the company, valued at $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by 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.