The AZEK Company Inc. (NYSE:AZEK) Shares Purchased by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC increased its position in shares of The AZEK Company Inc. (NYSE:AZEKGet Rating) by 15.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,449 shares of the company’s stock after acquiring an additional 2,617 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in AZEK were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Koshinski Asset Management Inc. purchased a new stake in shares of AZEK during the first quarter worth approximately $25,000. Washington Trust Advisors Inc. increased its stake in AZEK by 717.9% in the first quarter. Washington Trust Advisors Inc. now owns 1,096 shares of the company’s stock valued at $27,000 after purchasing an additional 962 shares during the last quarter. Schroder Investment Management Group purchased a new position in AZEK in the fourth quarter valued at approximately $35,000. Standard Family Office LLC purchased a new position in AZEK in the first quarter valued at approximately $40,000. Finally, Stephens Inc. AR increased its stake in AZEK by 37.3% in the first quarter. Stephens Inc. AR now owns 1,930 shares of the company’s stock valued at $48,000 after purchasing an additional 524 shares during the last quarter. Institutional investors and hedge funds own 96.49% of the company’s stock.

AZEK Stock Down 3.0 %

Shares of NYSE:AZEK opened at $17.91 on Thursday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.42 and a beta of 1.89. The AZEK Company Inc. has a 12-month low of $15.52 and a 12-month high of $46.56. The company has a current ratio of 2.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average price is $19.58 and its two-hundred day moving average price is $21.16.

AZEK (NYSE:AZEKGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $395.00 million for the quarter, compared to analyst estimates of $385.73 million. AZEK had a return on equity of 11.59% and a net margin of 8.49%. AZEK’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, research analysts forecast that The AZEK Company Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

AZEK has been the subject of several research analyst reports. Wedbush downgraded AZEK from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $24.00 to $21.00 in a report on Monday, August 8th. Stifel Nicolaus decreased their price objective on AZEK from $30.00 to $27.00 in a report on Thursday, June 16th. Robert W. Baird decreased their price objective on AZEK from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, June 16th. Bank of America raised AZEK from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $23.00 to $22.00 in a report on Friday, June 17th. Finally, Stephens increased their price target on AZEK from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.13.

Insiders Place Their Bets

In other AZEK news, Director Vernon J. Nagel acquired 3,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $18.52 per share, for a total transaction of $55,560.00. Following the acquisition, the director now directly owns 27,029 shares of the company’s stock, valued at $500,577.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by company insiders.

AZEK Profile

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The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, which includes decking, railing, trim and moulding, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.

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Institutional Ownership by Quarter for AZEK (NYSE:AZEK)

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