5,749 Shares in The AZEK Company Inc. (NYSE:AZEK) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in shares of The AZEK Company Inc. (NYSE:AZEK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,749 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of AZEK during the 4th quarter valued at about $27,000. Avalon Trust Co purchased a new stake in AZEK in the fourth quarter valued at approximately $38,000. GAMMA Investing LLC lifted its position in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in AZEK in the 3rd quarter worth approximately $59,000. Finally, Millburn Ridgefield Corp bought a new position in shares of AZEK in the 3rd quarter worth $84,000. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the company’s stock in a transaction on 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 directly owns 883,765 shares in the company, valued at approximately $44,258,951.20. This represents a 2.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 55,000 shares of company stock valued at $2,518,624 over the last quarter. 3.20% of the stock is owned by company insiders.

AZEK Price Performance

AZEK stock opened at $41.39 on Friday. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 1.91 and a beta of 1.95. The firm’s 50-day moving average price is $47.32 and its two-hundred day moving average price is $47.10. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91.

AZEK (NYSE:AZEK) last announced its quarterly earnings results 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 return on equity of 13.47% and a net margin of 9.85%. As a group, equities analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AZEK has been the subject of several research reports. Barclays upped their target price on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Citigroup raised AZEK from a “neutral” rating to a “buy” rating and raised their price objective for the company from $51.00 to $60.00 in a report on Monday, January 6th. Royal Bank of Canada upped their target price on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Robert W. Baird lifted their price target on shares of AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, AZEK has a consensus rating of “Moderate Buy” and an average price target of $54.85.

AZEK Company 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.