The AZEK Company Inc. (NYSE:AZEK) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The AZEK Company Inc. (NYSE:AZEK) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,970 shares of the company’s stock after purchasing an additional 2,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AZEK were worth $1,146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BluePath Capital Management LLC acquired a new position in AZEK in the third quarter worth approximately $31,000. CI Investments Inc. bought a new stake in shares of AZEK during the 3rd quarter worth $153,000. DekaBank Deutsche Girozentrale acquired a new position in shares of AZEK in the 3rd quarter worth $200,000. Winthrop Advisory Group LLC acquired a new position in shares of AZEK in the 4th quarter worth $211,000. Finally, Yarbrough Capital LLC acquired a new stake in shares of AZEK during the fourth quarter worth $225,000. 97.44% of the stock is currently owned by institutional investors.

AZEK Stock Performance

Shares of NYSE AZEK opened at $46.13 on Friday. The AZEK Company Inc. has a one year low of $23.08 and a one year high of $50.78. The business’s 50-day moving average price is $47.84 and its two-hundred day moving average price is $39.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.99 and a quick ratio of 1.67. The company has a market capitalization of $6.81 billion, a P/E ratio of 58.39, a price-to-earnings-growth ratio of 1.47 and a beta of 1.92.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. The business had revenue of $240.44 million during the quarter, compared to analysts’ expectations of $234.12 million. AZEK had a return on equity of 9.61% and a net margin of 8.57%. Analysts anticipate that The AZEK Company Inc. will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $48.30, for a total transaction of $627,900.00. Following the transaction, the chief executive officer now owns 1,083,444 shares in the company, valued at approximately $52,330,345.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jonathan Skelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $46.78, for a total value of $467,800.00. Following the transaction, the insider now directly owns 180,784 shares of the company’s stock, valued at approximately $8,457,075.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $48.30, for a total value of $627,900.00. Following the sale, the chief executive officer now directly owns 1,083,444 shares of the company’s stock, valued at approximately $52,330,345.20. The disclosure for this sale can be found here. Insiders sold 130,431 shares of company stock valued at $6,356,622 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AZEK shares. Barclays increased their price target on AZEK from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Citigroup raised their target price on shares of AZEK from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. 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. Stephens upped their price target on shares of AZEK from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, B. Riley lifted their price objective on shares of AZEK from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.