5,339 Shares in The AZEK Company Inc. (NYSE:AZEK) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new position in The AZEK Company Inc. (NYSE:AZEK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,339 shares of the company's stock, valued at approximately $261,000.

Several other institutional investors also recently modified their holdings of AZEK. Empowered Funds LLC bought a new stake in shares of AZEK in the 4th quarter valued at $27,000. FIL Ltd bought a new stake in shares of AZEK in the 4th quarter valued at $28,000. NBC Securities Inc. bought a new stake in shares of AZEK in the 1st quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after purchasing an additional 592 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of AZEK by 261.4% in the 1st quarter. Parallel Advisors LLC now owns 683 shares of the company's stock valued at $33,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating and set a $51.50 target price (down from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Baird R W lowered shares of AZEK from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Wolfe Research reissued a "peer perform" rating on shares of AZEK in a research note on Wednesday, March 26th. Finally, Stephens cut their target price on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $53.93.

Get Our Latest Stock Report on AZEK

AZEK Stock Performance

AZEK opened at $53.33 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The company's fifty day moving average price is $49.77 and its two-hundred day moving average price is $48.92. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 1.91 and a beta of 1.82.

AZEK (NYSE:AZEK - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The firm had revenue of $452.23 million for the quarter, compared to the consensus estimate of $444.75 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. On average, analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the sale, the chief executive officer now owns 852,765 shares in the company, valued at $43,832,121. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company's stock.

AZEK Profile

(Free Report)

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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