31,859 Shares in The AZEK Company Inc. (NYSE:AZEK) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in shares of The AZEK Company Inc. (NYSE:AZEK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 31,859 shares of the company’s stock, valued at approximately $1,512,000.

Several other institutional investors have also modified their holdings of AZEK. Empowered Funds LLC purchased a new position in AZEK in the 4th quarter valued at about $27,000. Avalon Trust Co purchased a new position in shares of AZEK in the fourth quarter valued at approximately $38,000. GAMMA Investing LLC lifted its position in shares of AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after acquiring an additional 239 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of AZEK in the third quarter worth approximately $59,000. Finally, Millburn Ridgefield Corp acquired a new position in AZEK in the 3rd quarter valued at $84,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction on Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the completion of the transaction, the chief executive officer now directly owns 883,765 shares in the company, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 55,000 shares of company stock worth $2,518,624. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AZEK shares. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and upped their target price for the stock from $51.00 to $60.00 in a report on Monday, January 6th. Robert W. Baird upped their price objective on shares of AZEK from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada raised their target price on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their price target on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on AZEK from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.85.

AZEK Price Performance

Shares of AZEK opened at $41.39 on Friday. The firm has a 50-day simple moving average of $47.32 and a two-hundred day simple moving average of $47.10. 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 AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The stock has a market cap of $5.95 billion, a PE ratio of 41.80, a P/E/G ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. As a group, analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current year.

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.