84,493 Shares in The AZEK Company Inc. (NYSE:AZEK) Bought by Masterton Capital Management LP

Masterton Capital Management LP bought a new position in The AZEK Company Inc. (NYSE:AZEK) in the fourth quarter, HoldingsChannel reports. The fund bought 84,493 shares of the company’s stock, valued at approximately $4,011,000. AZEK accounts for approximately 2.3% of Masterton Capital Management LP’s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of AZEK in the fourth quarter valued at about $27,000. FIL Ltd acquired a new stake in AZEK during the fourth quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in AZEK by 623.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after purchasing an additional 592 shares during the period. Avalon Trust Co acquired a new stake in AZEK during the fourth quarter worth approximately $38,000. Finally, GAMMA Investing LLC grew its stake in AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the completion of the transaction, the chief executive officer now directly owns 868,765 shares of the company’s stock, valued at $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AZEK has been the topic of several recent research reports. Stephens lowered AZEK from an “overweight” rating to a “mixed” rating in a report on Monday, March 24th. BMO Capital Markets increased their price target on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, March 24th. William Blair reiterated a “market perform” rating on shares of AZEK in a report on Monday, March 24th. Baird R W downgraded shares of AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Raymond James set a $51.50 target price on shares of AZEK in a research note on Tuesday, March 25th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.53.

AZEK Price Performance

Shares of AZEK stock opened at $49.20 on Tuesday. The company’s fifty day simple moving average is $45.82 and its two-hundred day simple moving average is $47.75. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The firm has a market cap of $7.07 billion, a PE ratio of 49.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK) last posted its earnings results 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%. As a group, equities analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current year.

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.