Interval Partners LP Purchases Shares of 283,085 The AZEK Company Inc. (NYSE:AZEK)

Interval Partners LP acquired a new position in shares of The AZEK Company Inc. (NYSE:AZEK) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 283,085 shares of the company’s stock, valued at approximately $14,217,000. Interval Partners LP owned approximately 0.19% of AZEK at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AZEK. Quadrant Capital Group LLC increased its stake in shares of AZEK by 45.9% in the fourth quarter. Quadrant Capital Group LLC now owns 728 shares of the company’s stock valued at $28,000 after buying an additional 229 shares in the last quarter. ORG Partners LLC bought a new stake in shares of AZEK in the first quarter worth about $35,000. Venturi Wealth Management LLC raised its holdings in AZEK by 58.9% during the 1st quarter. Venturi Wealth Management LLC now owns 707 shares of the company’s stock worth $36,000 after buying an additional 262 shares during the period. Whittier Trust Co. acquired a new stake in shares of AZEK during the first quarter worth $37,000. Finally, Principal Securities Inc. bought a new stake in shares of AZEK in the fourth quarter valued at about $44,000. 97.44% of the stock is currently owned by institutional investors.

AZEK Price Performance

Shares of NYSE AZEK traded down $0.19 during trading hours on Tuesday, hitting $45.33. 1,147,584 shares of the stock were exchanged, compared to its average volume of 1,697,381. The company’s fifty day simple moving average is $44.58 and its two-hundred day simple moving average is $45.20. The company has a market cap of $6.60 billion, a PE ratio of 44.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 3.40. The AZEK Company Inc. has a 1-year low of $25.03 and a 1-year high of $50.78.

AZEK (NYSE:AZEK) last released its earnings results on Friday, June 14th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. AZEK had a return on equity of 12.02% and a net margin of 10.66%. The firm had revenue of $418.41 million during the quarter, compared to analysts’ expectations of $416.79 million. On average, sell-side analysts predict that The AZEK Company Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling

In related news, insider Jonathan Skelly sold 12,000 shares of AZEK stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $46.72, for a total transaction of $560,640.00. Following the sale, the insider now directly owns 190,134 shares of the company’s stock, valued at approximately $8,883,060.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AZEK news, insider Jonathan Skelly sold 12,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $46.72, for a total value of $560,640.00. Following the completion of the transaction, the insider now owns 190,134 shares of the company’s stock, valued at approximately $8,883,060.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jesse G. Singh sold 13,000 shares of AZEK stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $41.75, for a total value of $542,750.00. Following the sale, the chief executive officer now directly owns 1,024,444 shares in the company, valued at $42,770,537. The disclosure for this sale can be found here. Insiders sold a total of 38,000 shares of company stock worth $1,701,000 in the last ninety days. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AZEK has been the topic of a number of research reports. Barclays cut their price objective on shares of AZEK from $58.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Robert W. Baird decreased their price objective on shares of AZEK from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. The Goldman Sachs Group dropped their target price on shares of AZEK from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Loop Capital reduced their price target on AZEK from $58.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, DA Davidson cut shares of AZEK from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $57.00 to $44.00 in a research report on Wednesday, July 3rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.72.

AZEK 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.