Amundi Has $2.01 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Amundi lifted its position in The AZEK Company Inc. (NYSE:AZEK) by 271.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,544 shares of the company’s stock after buying an additional 31,811 shares during the period. Amundi’s holdings in AZEK were worth $2,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZEK. Empowered Funds LLC bought a new position in AZEK in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC lifted its position 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in AZEK in the 3rd quarter worth $59,000. Millburn Ridgefield Corp bought a new position in AZEK during the 3rd quarter worth about $84,000. Finally, Blue Trust Inc. raised its stake in shares of AZEK by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,808 shares of the company’s stock valued at $85,000 after purchasing an additional 877 shares during the period. 97.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. Barclays boosted their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial raised their target price on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, DA Davidson boosted their price target on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.85.

Insider Buying and Selling

In related news, CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $44.98, for a total value of $882,192.74. Following the completion of the sale, the chief executive officer now directly owns 904,152 shares in the company, valued at $40,668,756.96. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 55,000 shares of company stock valued at $2,518,624. Company insiders own 3.20% of the company’s stock.

AZEK Stock Performance

AZEK opened at $41.36 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 1.91 and a beta of 1.95. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The business has a 50 day moving average of $47.68 and a 200-day moving average of $47.19.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

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.