Blueshift Asset Management LLC Takes $273,000 Position in The AZEK Company Inc. (NYSE:AZEK)

Blueshift Asset Management LLC purchased a new position in The AZEK Company Inc. (NYSE:AZEK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,749 shares of the company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AZEK. Teacher Retirement System of Texas boosted its holdings in shares of AZEK by 18.8% during the 4th quarter. Teacher Retirement System of Texas now owns 51,735 shares of the company’s stock valued at $2,456,000 after buying an additional 8,182 shares in the last quarter. Investment House LLC lifted its position in AZEK by 0.7% during the 4th quarter. Investment House LLC now owns 39,255 shares of the company’s stock valued at $1,863,000 after acquiring an additional 290 shares during the period. Xponance Inc. boosted its stake in AZEK by 12.2% during the fourth quarter. Xponance Inc. now owns 15,993 shares of the company’s stock worth $759,000 after acquiring an additional 1,744 shares in the last quarter. Avalon Trust Co purchased a new stake in AZEK in the fourth quarter worth about $38,000. Finally, Natixis Advisors LLC increased its stake in shares of AZEK by 2.7% during the fourth quarter. Natixis Advisors LLC now owns 82,910 shares of the company’s stock valued at $3,936,000 after purchasing an additional 2,160 shares in the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AZEK. Royal Bank of Canada boosted their price target on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup raised AZEK from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $60.00 in a report on Monday, January 6th. BMO Capital Markets raised their price target on AZEK from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Thursday, February 6th. Robert W. Baird upped 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.85.

AZEK Trading Down 0.8 %

Shares of AZEK stock opened at $41.39 on Friday. 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. The stock has a market capitalization of $5.95 billion, a P/E ratio of 41.80, a P/E/G ratio of 1.91 and a beta of 1.95. The firm’s 50 day moving average is $47.32 and its 200 day moving average is $47.10.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction on 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 trade represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 55,000 shares of company stock worth $2,518,624 in the last three months. 3.20% of the stock is currently owned by company 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.