Bailard Inc. Buys New Shares in The AZEK Company Inc. (NYSE:AZEK)

Bailard Inc. bought a new position in shares of The AZEK Company Inc. (NYSE:AZEK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,300 shares of the company’s stock, valued at approximately $203,000.

Other large investors also recently bought and sold shares of the company. Redwood Investments LLC purchased a new stake in shares of AZEK during the 4th quarter worth $2,893,000. Lecap Asset Management Ltd. purchased a new stake in AZEK during the 4th quarter worth about $1,134,000. Sherbrooke Park Advisers LLC boosted its position in shares of AZEK by 62.8% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 42,923 shares of the company’s stock worth $1,277,000 after acquiring an additional 16,565 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of AZEK by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,012,414 shares of the company’s stock valued at $386,989,000 after acquiring an additional 881,697 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of AZEK in the 3rd quarter valued at about $1,731,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AZEK. Stifel Nicolaus upped their price target on AZEK from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. B. Riley upped their target price on shares of AZEK from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada lifted their price target on shares of AZEK from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Robert W. Baird upped their price objective on shares of AZEK from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Benchmark assumed coverage on AZEK in a research report on Friday, April 19th. They set a “buy” rating and a $55.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.11.

Insider Activity

In related news, CEO Jesse G. Singh sold 13,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.34, for a total transaction of $589,420.00. Following the completion of the transaction, the chief executive officer now directly owns 1,184,444 shares of the company’s stock, valued at $53,702,690.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AZEK news, insider Jonathan Skelly sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 180,784 shares of the company’s stock, valued at $8,457,075.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.34, for a total transaction of $589,420.00. Following the transaction, 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. Insiders have sold a total of 130,431 shares of company stock valued at $6,356,622 over the last quarter. Corporate insiders own 3.10% of the company’s stock.

AZEK Trading Up 0.6 %

Shares of AZEK stock opened at $46.40 on Tuesday. The company has a market capitalization of $6.85 billion, a P/E ratio of 58.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.92. The company has a current ratio of 2.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $47.87 and its two-hundred day moving average is $39.43. The AZEK Company Inc. has a twelve month low of $23.08 and a twelve month high of $50.78.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $240.44 million for the quarter, compared to analyst estimates of $234.12 million. AZEK had a net margin of 8.57% and a return on equity of 9.61%. Equities analysts forecast that The AZEK Company Inc. will post 1.03 EPS for the current 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.