EFG Asset Management North America Corp. Has $2.24 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

EFG Asset Management North America Corp. raised its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 26.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,136 shares of the company’s stock after purchasing an additional 9,772 shares during the quarter. EFG Asset Management North America Corp.’s holdings in AZEK were worth $2,238,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of AZEK by 33.8% during the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after buying an additional 3,595,863 shares during the period. FMR LLC grew its holdings in AZEK by 57.9% during the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock worth $318,782,000 after acquiring an additional 2,497,074 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of AZEK by 73.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company’s stock worth $47,093,000 after acquiring an additional 425,609 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of AZEK in the 4th quarter valued at about $19,436,000. Finally, Gradient Investments LLC boosted its position in shares of AZEK by 834.9% during the 4th quarter. Gradient Investments LLC now owns 410,233 shares of the company’s stock valued at $19,474,000 after purchasing an additional 366,352 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

AZEK Stock Performance

NYSE AZEK opened at $48.92 on Wednesday. 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 fifty day moving average price of $47.42 and a 200-day moving average price of $47.28. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 49.41, a PEG ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. As a group, equities research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 20,387 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the sale, the chief executive officer now owns 883,765 shares in the company, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 55,000 shares of company stock worth $2,518,624. 3.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AZEK shares. Baird R W lowered AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group boosted their target price on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays lifted their price target on shares of AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. William Blair reissued a “market perform” rating on shares of AZEK in a research report on Monday. Finally, Royal Bank of Canada boosted their target price on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.32.

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.