Legato Capital Management LLC Acquires Shares of 14,650 The AZEK Company Inc. (NYSE:AZEK)

Legato Capital Management LLC acquired a new stake in The AZEK Company Inc. (NYSE:AZEK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,650 shares of the company’s stock, valued at approximately $695,000.

Other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC boosted its holdings in AZEK by 2.2% in the 3rd quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock valued at $25,232,000 after purchasing an additional 11,770 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in AZEK by 8.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after purchasing an additional 50,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AZEK by 105.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after purchasing an additional 31,193 shares during the period. State Street Corp boosted its holdings in AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the period. Finally, Algert Global LLC boosted its holdings in AZEK by 18.5% in the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock valued at $5,590,000 after purchasing an additional 18,690 shares during the period. Institutional investors own 97.44% of the company’s stock.

AZEK Price Performance

Shares of NYSE:AZEK opened at $49.95 on Friday. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 2.19 and a beta of 1.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $49.94 and a 200 day simple moving average of $46.57. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91.

AZEK (NYSE:AZEK) last issued 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%. Research analysts predict that The AZEK Company Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity at AZEK

In other AZEK news, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. This represents a 9.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the transaction, the chief executive officer now owns 923,765 shares of the company’s stock, valued at approximately $49,255,149.80. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,709 shares of company stock valued at $3,060,151 in the last quarter. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AZEK has been the subject of a number of recent research reports. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $51.00 to $60.00 in a report on Monday, January 6th. Robert W. Baird upped their price target on shares of AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. DA Davidson upped their price target on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Finally, Barclays upped their price target on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.85.

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.