The AZEK Company Inc. (NYSE:AZEK) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its holdings in The AZEK Company Inc. (NYSE:AZEK) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 817,963 shares of the company’s stock after purchasing an additional 45,324 shares during the period. TimesSquare Capital Management LLC owned about 0.57% of AZEK worth $38,829,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Empowered Funds LLC bought a new position in AZEK during the 4th quarter worth $27,000. Farther Finance Advisors LLC lifted its holdings in shares of AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after buying an additional 487 shares during the period. GAMMA Investing LLC lifted its holdings 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 buying an additional 239 shares during the period. Blue Trust Inc. lifted its holdings in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after purchasing an additional 480 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZEK during the third quarter valued at $59,000. 97.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AZEK shares. Royal Bank of Canada upped their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Barclays increased their price objective on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Robert W. Baird increased their price objective on AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Citigroup raised AZEK from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.85.

Insiders Place Their Bets

In other 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 sale, the chief executive officer now directly owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,709 shares of company stock worth $3,060,151. 3.20% of the stock is currently owned by company insiders.

AZEK Stock Performance

Shares of NYSE AZEK opened at $51.06 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 2.56. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 51.58, a P/E/G ratio of 2.19 and a beta of 1.94. The business’s 50-day simple moving average is $49.72 and its 200-day simple moving average is $46.73. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating 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%. As a group, equities research analysts expect that The AZEK Company Inc. will post 1.29 earnings per share for the current fiscal 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.