Jacobs Levy Equity Management Inc. Sells 278,201 Shares of The AZEK Company Inc. (NYSE:AZEK)

Jacobs Levy Equity Management Inc. lessened its stake in The AZEK Company Inc. (NYSE:AZEK) by 27.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 728,052 shares of the company’s stock after selling 278,201 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in AZEK were worth $34,561,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AZEK. Empowered Funds LLC bought a new stake in shares of AZEK during the 4th quarter valued at $27,000. FIL Ltd acquired a new position in shares of AZEK during the 4th quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AZEK by 623.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company’s stock worth $33,000 after buying an additional 592 shares during the last quarter. Avalon Trust Co acquired a new stake in AZEK in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC raised its holdings in AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after acquiring an additional 239 shares during the period. Institutional investors own 97.44% of the company’s stock.

AZEK Price Performance

AZEK stock opened at $50.33 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The firm’s fifty day moving average is $46.43 and its 200 day moving average is $48.13. The firm has a market cap of $7.23 billion, a P/E ratio of 50.84, a P/E/G ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK) last released its earnings results on Tuesday, May 6th. The company reported $0.45 EPS for the quarter, beating 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 company had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating and set a $51.50 target price (down from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Barclays lifted their price target on shares of AZEK from $53.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday. Wolfe Research reiterated a “peer perform” rating on shares of AZEK in a report on Wednesday, March 26th. UBS Group dropped their target price on shares of AZEK from $55.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Robert W. Baird boosted their target price on shares of AZEK from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, AZEK presently has a consensus rating of “Hold” and an average price target of $53.93.

Insider Activity at AZEK

In other news, CEO Jesse G. Singh sold 15,000 shares of AZEK stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the sale, the chief executive officer now owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is owned by insiders.

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.