Blue Trust Inc. Buys 480 Shares of The AZEK Company Inc. (NYSE:AZEK)

Blue Trust Inc. raised its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 106.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 931 shares of the company’s stock after purchasing an additional 480 shares during the quarter. Blue Trust Inc.’s holdings in AZEK were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of AZEK in the 2nd quarter worth approximately $86,719,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of AZEK by 66.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company’s stock worth $73,631,000 after acquiring an additional 587,107 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of AZEK in the 1st quarter worth approximately $26,360,000. Interval Partners LP lifted its holdings in shares of AZEK by 162.4% in the 2nd quarter. Interval Partners LP now owns 742,749 shares of the company’s stock worth $31,292,000 after acquiring an additional 459,664 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of AZEK by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock worth $677,082,000 after acquiring an additional 413,297 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

AZEK Stock Up 0.4 %

Shares of AZEK stock opened at $44.16 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The company has a 50-day moving average of $43.93 and a 200 day moving average of $44.17. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 1.15 and a beta of 1.88. The AZEK Company Inc. has a 1 year low of $27.12 and a 1 year high of $50.78.

AZEK (NYSE:AZEK) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $434.40 million during the quarter, compared to analyst estimates of $396.89 million. AZEK had a net margin of 11.35% and a return on equity of 13.38%. AZEK’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. As a group, sell-side analysts anticipate that The AZEK Company Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price target on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of AZEK in a report on Friday, August 9th. The Goldman Sachs Group lowered their price target on shares of AZEK from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. UBS Group lowered their price target on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Stifel Nicolaus lowered their price target on shares of AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, AZEK has an average rating of “Moderate Buy” and an average target price of $48.12.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the completion of the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at approximately $7,742,656.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Pamela J. Edwards acquired 600 shares of AZEK stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $41.70 per share, for a total transaction of $25,020.00. Following the purchase, the director now owns 8,708 shares in the company, valued at $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at approximately $7,742,656.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

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.