The AZEK Company Inc. (NYSE:AZEK) Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 254,847 shares of the company’s stock after buying an additional 35,778 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.18% of AZEK worth $12,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZEK. Blue Trust Inc. grew its position in shares of AZEK by 94.2% during the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company’s stock valued at $85,000 after acquiring an additional 877 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in AZEK by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,551 shares of the company’s stock valued at $55,519,000 after purchasing an additional 24,249 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of AZEK in the fourth quarter valued at approximately $717,000. Raymond James Financial Inc. acquired a new position in shares of AZEK during the 4th quarter worth approximately $19,436,000. Finally, Sanctuary Advisors LLC lifted its position in shares of AZEK by 6.1% during the 4th quarter. Sanctuary Advisors LLC now owns 11,918 shares of the company’s stock valued at $620,000 after buying an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Price Performance

AZEK stock opened at $50.33 on Friday. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The business has a fifty day moving average of $46.43 and a two-hundred day moving average of $48.05. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 50.84, 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The firm had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same period in the previous year, the firm earned $0.39 EPS. AZEK’s revenue was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 883,765 shares in the company, valued at $44,258,951.20. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AZEK shares. Robert W. Baird upped their price objective on shares of AZEK from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday. Loop Capital lowered their price objective on AZEK from $55.00 to $49.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Stephens reduced their target price on AZEK from $58.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday. Baird R W lowered AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, BMO Capital Markets boosted their price target on AZEK from $54.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, March 24th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.93.

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.