The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Xponance Inc.

Xponance Inc. boosted its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 12.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,993 shares of the company’s stock after purchasing an additional 1,744 shares during the period. Xponance Inc.’s holdings in AZEK were worth $759,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AZEK. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AZEK by 105.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after acquiring an additional 31,193 shares during the period. State Street Corp grew its stake in shares of AZEK by 1.9% during the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after purchasing an additional 45,774 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of AZEK by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock valued at $93,564,000 after purchasing an additional 90,206 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new position in shares of AZEK in the 3rd quarter valued at $3,253,000. Finally, Stifel Financial Corp boosted its holdings in AZEK by 24.7% during the third quarter. Stifel Financial Corp now owns 22,481 shares of the company’s stock worth $1,052,000 after buying an additional 4,454 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Trading Up 17.6 %

NYSE AZEK opened at $48.67 on Tuesday. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The stock has a market capitalization of $6.99 billion, a P/E ratio of 49.16, a PEG ratio of 1.91 and a beta of 1.95. The firm’s 50-day moving average is $47.39 and its two-hundred day moving average is $47.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19.

AZEK (NYSE:AZEK) last posted its quarterly earnings data 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%. On average, sell-side analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Insider Activity

In related news, CEO Jesse G. Singh sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the transaction, the chief executive officer now directly owns 868,765 shares in the company, valued at $35,645,427.95. This trade represents a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on AZEK. Citigroup upgraded shares of AZEK from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $51.00 to $60.00 in a research report on Monday, January 6th. Stephens reiterated an “equal weight” rating and set a $58.00 price target on shares of AZEK in a research report on Monday. Robert W. Baird restated a “neutral” rating and issued a $53.00 price objective (down from $58.00) on shares of AZEK in a research report on Monday. The Goldman Sachs Group upped their price objective on shares of AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays raised their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.93.

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.