Virtu Financial LLC Purchases New Shares in The AZEK Company Inc. (NYSE:AZEK)

Virtu Financial LLC purchased a new position in shares of The AZEK Company Inc. (NYSE:AZEK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,801 shares of the company’s stock, valued at approximately $655,000.

Other institutional investors have also added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new position in shares of AZEK in the 3rd quarter worth approximately $256,000. Charles Schwab Investment Management Inc. lifted its holdings in AZEK by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,302 shares of the company’s stock worth $53,600,000 after acquiring an additional 28,080 shares during the period. Bank of Montreal Can boosted its position in AZEK by 22.8% in the third quarter. Bank of Montreal Can now owns 196,361 shares of the company’s stock worth $9,184,000 after purchasing an additional 36,433 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in AZEK by 38.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 719,568 shares of the company’s stock valued at $33,676,000 after purchasing an additional 200,746 shares during the period. Finally, FMR LLC increased its position in shares of AZEK by 57.9% during the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after purchasing an additional 2,497,074 shares during the last quarter. 97.44% of the stock is owned by institutional investors.

Insider Transactions at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction that occurred on 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 directly owns 883,765 shares in the company, valued at $44,258,951.20. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 55,000 shares of company stock valued at $2,518,624. 3.20% of the stock is owned by corporate insiders.

AZEK Stock Performance

NYSE AZEK opened at $48.67 on Tuesday. The stock has a market capitalization of $6.99 billion, a PE ratio of 49.16, a P/E/G ratio of 1.91 and a beta of 1.95. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91. The company’s 50 day simple moving average is $47.39 and its two-hundred day simple moving average is $47.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19.

AZEK (NYSE:AZEK) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AZEK shares. Robert W. Baird reissued a “neutral” rating and issued a $53.00 price target (down from $58.00) on shares of AZEK in a report on Monday. JPMorgan Chase & Co. increased their target price on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $60.00 in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, William Blair restated a “market perform” rating on shares of AZEK in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.93.

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.