Lisanti Capital Growth LLC bought a new stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 85,435 shares of the company's stock, valued at approximately $4,056,000. Lisanti Capital Growth LLC owned about 0.06% of AZEK as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Equitable Trust Co. boosted its position in AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company's stock valued at $484,000 after buying an additional 226 shares during the last quarter. GAMMA Investing LLC boosted its position in AZEK by 39.1% in the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company's stock valued at $40,000 after buying an additional 239 shares during the last quarter. Truist Financial Corp boosted its position in AZEK by 1.6% in the fourth quarter. Truist Financial Corp now owns 16,706 shares of the company's stock valued at $793,000 after buying an additional 255 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in AZEK by 13.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock valued at $146,000 after buying an additional 352 shares during the last quarter. Finally, Creative Planning boosted its position in AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company's stock valued at $327,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.
Shares of AZEK stock opened at $44.78 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 45.23, a PEG ratio of 1.91 and a beta of 1.95. The stock has a 50 day simple moving average of $48.65 and a 200-day simple moving average of $47.18. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91.
AZEK (NYSE:AZEK - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. On average, equities research analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Barclays upped their target price on AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial boosted their price target on AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Robert W. Baird boosted their price target on AZEK from $54.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Royal Bank of Canada boosted their price target on AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Benchmark reissued a "buy" rating and issued a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, AZEK has a consensus rating of "Moderate Buy" and a consensus target price of $54.85.
Get Our Latest Analysis on AZEK
In related news, CMO Samara Toole sold 1,709 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse G. Singh sold 20,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $53.32, for a total value of $1,066,400.00. Following the completion of the sale, the chief executive officer now owns 923,765 shares of the company's stock, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,709 shares of company stock worth $3,060,151. 3.20% of the stock is owned by corporate insiders.
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.
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