Schonfeld Strategic Advisors LLC Purchases Shares of 152,699 The AZEK Company Inc. (NYSE:AZEK)

Schonfeld Strategic Advisors LLC acquired a new position in shares of The AZEK Company Inc. (NYSE:AZEK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 152,699 shares of the company’s stock, valued at approximately $7,249,000. Schonfeld Strategic Advisors LLC owned 0.11% of AZEK at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AZEK. Empowered Funds LLC bought a new position in shares of AZEK in the fourth quarter worth $27,000. FIL Ltd bought a new position in AZEK in the 4th quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock valued at $33,000 after buying an additional 592 shares during the period. Avalon Trust Co acquired a new position in AZEK during the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC lifted its stake in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after acquiring an additional 239 shares during the period. 97.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 20,387 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the transaction, the chief executive officer now owns 883,765 shares of the company’s stock, valued at approximately $44,258,951.20. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. William Blair reaffirmed a “market perform” rating on shares of AZEK in a research note on Monday, March 24th. Barclays lowered their target price on AZEK from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Stephens downgraded shares of AZEK from an “overweight” rating to a “mixed” rating in a report on Monday, March 24th. Raymond James set a $51.50 price objective on shares of AZEK in a research note on Tuesday, March 25th. Finally, Baird R W lowered shares of AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, AZEK currently has a consensus rating of “Hold” and a consensus price target of $53.53.

AZEK Price Performance

Shares of NYSE:AZEK opened at $49.80 on Friday. The stock has a market capitalization of $7.15 billion, a P/E ratio of 50.30, a P/E/G ratio of 1.91 and a beta of 1.86. The business has a 50-day moving average of $45.98 and a two-hundred day moving average of $47.80. The AZEK Company Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $54.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19.

AZEK (NYSE:AZEK) last posted 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 predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

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.