Mackenzie Financial Corp Purchases Shares of 9,697 The AZEK Company Inc. (NYSE:AZEK)

Mackenzie Financial Corp purchased a new stake in The AZEK Company Inc. (NYSE:AZEK) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 9,697 shares of the company’s stock, valued at approximately $371,000.

Several other institutional investors also recently modified their holdings of AZEK. BluePath Capital Management LLC bought a new position in shares of AZEK in the third quarter valued at $31,000. CI Investments Inc. bought a new position in shares of AZEK in the third quarter valued at $153,000. DekaBank Deutsche Girozentrale bought a new position in shares of AZEK in the third quarter valued at $200,000. Winthrop Advisory Group LLC purchased a new position in AZEK during the 4th quarter worth approximately $211,000. Finally, Yarbrough Capital LLC purchased a new position in AZEK during the 4th quarter worth approximately $225,000. Institutional investors own 97.44% of the company’s stock.

Insiders Place Their Bets

In other AZEK news, insider Jonathan Skelly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $46.78, for a total transaction of $467,800.00. Following the sale, the insider now directly owns 180,784 shares of the company’s stock, valued at $8,457,075.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other AZEK news, insider Jonathan Skelly sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $46.78, for a total transaction of $467,800.00. Following the sale, the insider now directly owns 180,784 shares of the company’s stock, valued at $8,457,075.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.34, for a total transaction of $589,420.00. Following the sale, the chief executive officer now directly owns 1,184,444 shares in the company, valued at $53,702,690.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,431 shares of company stock valued at $6,356,622. 3.10% of the stock is currently owned by insiders.

AZEK Stock Performance

NYSE AZEK opened at $46.13 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.99 and a debt-to-equity ratio of 0.43. The stock has a market cap of $6.81 billion, a P/E ratio of 58.39, a PEG ratio of 1.47 and a beta of 1.92. The AZEK Company Inc. has a twelve month low of $23.08 and a twelve month high of $50.78. The company’s 50-day simple moving average is $47.84 and its 200 day simple moving average is $39.22.

AZEK (NYSE:AZEK) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. The firm had revenue of $240.44 million for the quarter, compared to analysts’ expectations of $234.12 million. AZEK had a net margin of 8.57% and a return on equity of 9.61%. As a group, research analysts forecast that The AZEK Company Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AZEK. Robert W. Baird lifted their price objective on shares of AZEK from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Stephens lifted their price objective on shares of AZEK from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. TheStreet upgraded shares of AZEK from a “c+” rating to a “b-” rating in a report on Wednesday, January 31st. Royal Bank of Canada boosted their price target on shares of AZEK from $43.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets boosted their price target on shares of AZEK from $39.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, AZEK currently has an average rating of “Moderate Buy” and an average price target of $44.11.

AZEK Company 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.