Shay Capital LLC Makes New Investment in The AZEK Company Inc. (NYSE:AZEK)

Shay Capital LLC purchased a new position in The AZEK Company Inc. (NYSE:AZEK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,200 shares of the company’s stock, valued at approximately $294,000.

A number of other large investors have also bought and sold shares of AZEK. Empowered Funds LLC purchased a new position in shares of AZEK during the fourth quarter valued at approximately $27,000. FIL Ltd purchased a new position in shares of AZEK during the fourth quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of AZEK by 623.2% during the fourth 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 purchased a new position in shares of AZEK during the fourth quarter valued at approximately $38,000. Finally, Blue Trust Inc. increased its stake in shares of AZEK by 94.2% during the fourth quarter. Blue Trust Inc. now owns 1,808 shares of the company’s stock valued at $85,000 after buying an additional 877 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the transaction, the chief executive officer now directly owns 868,765 shares of the company’s stock, valued at $35,645,427.95. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

AZEK Trading Down 0.3%

Shares of NYSE:AZEK opened at $51.19 on Friday. The company has a market cap of $7.35 billion, a P/E ratio of 51.71, a PEG ratio of 1.91 and a beta of 1.86. 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 AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The stock’s fifty day moving average price is $47.29 and its 200-day moving average price is $48.34.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $452.23 million for the quarter, compared to the consensus estimate of $444.75 million. AZEK had a return on equity of 13.47% and a net margin of 9.85%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. Sell-side analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AZEK shares. Barclays boosted their target price on AZEK from $53.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Baird R W cut AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Raymond James set a $51.50 price target on AZEK in a research report on Tuesday, March 25th. BMO Capital Markets lifted their price target on AZEK from $54.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, March 24th. Finally, William Blair restated a “market perform” rating on shares of AZEK in a research report on Monday, March 24th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.93.

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.