The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,100 shares of the company’s stock after selling 17,200 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.07% of AZEK worth $4,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in shares of AZEK during the 4th quarter worth $27,000. FIL Ltd purchased a new position in shares of AZEK during the 4th quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after acquiring an additional 592 shares during the period. Avalon Trust Co purchased a new position in shares of AZEK during the 4th quarter worth $38,000. Finally, Blue Trust Inc. raised its holdings in shares of AZEK by 94.2% during the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company’s stock worth $85,000 after acquiring an additional 877 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Activity at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $41.03, for a total value of $615,450.00. Following the sale, the chief executive officer now directly owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.20% of the stock is owned by corporate insiders.

AZEK Stock Down 0.6%

Shares of NYSE:AZEK opened at $51.32 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The firm has a market capitalization of $7.37 billion, a PE ratio of 51.84, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The firm’s 50-day moving average is $47.07 and its two-hundred day moving average is $48.29. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AZEK shares. Raymond James set a $51.50 price objective on shares of AZEK in a report on Tuesday, March 25th. Loop Capital reduced their price objective on shares of AZEK from $55.00 to $49.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Baird R W lowered shares of AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. UBS Group reduced their price objective on shares of AZEK from $55.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Citigroup restated a “neutral” rating and issued a $51.50 price objective (down from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.93.

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.