Privium Fund Management B.V. Acquires 2,950 Shares of The AZEK Company Inc. (NYSE:AZEK)

Privium Fund Management B.V. increased its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 34.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,550 shares of the company’s stock after purchasing an additional 2,950 shares during the quarter. Privium Fund Management B.V.’s holdings in AZEK were worth $541,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AZEK by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock worth $677,082,000 after buying an additional 413,297 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in AZEK by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after purchasing an additional 118,351 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in AZEK in the second quarter valued at approximately $86,719,000. Westfield Capital Management Co. LP increased its position in shares of AZEK by 1.7% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company’s stock worth $74,712,000 after purchasing an additional 25,515 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of AZEK by 66.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company’s stock worth $73,631,000 after purchasing an additional 587,107 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the transaction, the chief executive officer now directly owns 186,705 shares of the company’s stock, valued at approximately $7,742,656.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Pamela J. Edwards purchased 600 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the purchase, the director now directly owns 8,708 shares in the company, valued at $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of the 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 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 disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

AZEK Stock Performance

Shares of NYSE AZEK opened at $47.04 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 41.63, a P/E/G ratio of 1.17 and a beta of 1.88. The stock’s fifty day moving average price is $44.26 and its two-hundred day moving average price is $44.17. The AZEK Company Inc. has a one year low of $27.81 and a one year high of $50.78.

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

Analysts Set New Price Targets

AZEK has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. UBS Group lowered their price objective on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. Truist Financial reduced their price target on AZEK from $57.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research note on Friday, August 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AZEK presently has an average rating of “Moderate Buy” and a consensus price target 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.