The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of The AZEK Company Inc. (NYSE:AZEK – Get Rating) by 55.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,960,950 shares of the company’s stock after acquiring an additional 703,268 shares during the quarter. Dimensional Fund Advisors LP owned about 1.26% of AZEK worth $32,591,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Natixis acquired a new position in shares of AZEK during the second quarter valued at approximately $4,520,000. Steward Partners Investment Advisory LLC increased its stake in shares of AZEK by 4.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 15,275 shares of the company’s stock valued at $256,000 after acquiring an additional 700 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of AZEK by 1.1% during the third quarter. Rockefeller Capital Management L.P. now owns 87,357 shares of the company’s stock valued at $1,450,000 after acquiring an additional 964 shares during the period. Victory Capital Management Inc. increased its stake in shares of AZEK by 42.5% during the third quarter. Victory Capital Management Inc. now owns 50,124 shares of the company’s stock valued at $833,000 after acquiring an additional 14,949 shares during the period. Finally, Congress Wealth Management LLC DE increased its stake in shares of AZEK by 23.2% during the second quarter. Congress Wealth Management LLC DE now owns 34,122 shares of the company’s stock valued at $571,000 after acquiring an additional 6,428 shares during the period. Institutional investors and hedge funds own 99.05% of the company’s stock.

Analyst Upgrades and Downgrades

AZEK has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of AZEK from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, February 9th. Wedbush reduced their target price on shares of AZEK from $21.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, November 29th. Jefferies Financial Group reduced their target price on shares of AZEK from $25.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, November 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of AZEK from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 10th. Finally, B. Riley raised their target price on shares of AZEK from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, February 6th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, AZEK has an average rating of “Moderate Buy” and a consensus target price of $27.28.

AZEK Stock Up 1.0 %

AZEK stock opened at $23.97 on Friday. The AZEK Company Inc. has a 12-month low of $15.12 and a 12-month high of $30.26. The company has a quick ratio of 1.09, a current ratio of 2.91 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 114.14, a PEG ratio of 7.88 and a beta of 1.61. The company has a 50 day moving average of $23.66 and a two-hundred day moving average of $20.26.

AZEK (NYSE:AZEK – Get Rating) last released its earnings results on Wednesday, February 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. AZEK had a net margin of 2.49% and a return on equity of 7.03%. The company had revenue of $216.30 million during the quarter, compared to the consensus estimate of $208.14 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue was down 16.7% compared to the same quarter last year. On average, equities analysts anticipate that The AZEK Company Inc. will post 0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Corporate Opportunities F. Ares sold 4,770,000 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $26.06, for a total transaction of $124,306,200.00. Following the transaction, the director now owns 14,326,090 shares in the company, valued at approximately $373,337,905.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

AZEK Company Profile

(Get Rating)

The AZEK Company Inc engages in designing, manufacturing, and selling of 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 molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.