Paladin Wealth LLC Purchases 12,884 Shares of The AZEK Company Inc. (NYSE:AZEK)

Paladin Wealth LLC raised its position in The AZEK Company Inc. (NYSE:AZEK) by 1,537.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,722 shares of the company’s stock after acquiring an additional 12,884 shares during the quarter. Paladin Wealth LLC’s holdings in AZEK were worth $651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AZEK. Empowered Funds LLC bought a new stake in AZEK during the fourth quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in shares of AZEK during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares during the period. GAMMA Investing LLC increased its holdings in AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after acquiring an additional 239 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after acquiring an additional 480 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AZEK has been the subject of a number of analyst reports. Citigroup raised shares of AZEK from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $60.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Barclays upped their price objective on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Robert W. Baird boosted their price target on AZEK from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada increased their price objective on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.85.

AZEK Stock Down 0.2 %

Shares of NYSE AZEK opened at $49.99 on Tuesday. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 50.49, a P/E/G ratio of 2.19 and a beta of 1.94. The AZEK Company Inc. has a 12-month low of $35.48 and a 12-month high of $54.91. The company has a current ratio of 2.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $50.17 and its 200-day moving average price is $46.49.

AZEK (NYSE:AZEK) last posted its quarterly earnings data 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 anticipate that The AZEK Company Inc. will post 1.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 19,613 shares of the 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 sale, the chief executive officer now owns 904,152 shares in the company, valued at $40,668,756.96. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at $881,496. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,322 shares of company stock valued at $2,039,170 over the last three months. 3.20% of the stock is owned by company insiders.

About AZEK

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.