Hantz Financial Services Inc. Makes New Investment in The AZEK Company Inc. (NYSE:AZEK)

Hantz Financial Services Inc. purchased a new position in shares of The AZEK Company Inc. (NYSE:AZEK) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 32,510 shares of the company’s stock, valued at approximately $1,370,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of AZEK by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock worth $677,082,000 after purchasing an additional 413,297 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of AZEK by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 12,152,986 shares of the company’s stock worth $464,852,000 after purchasing an additional 42,132 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of AZEK by 7.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,632,693 shares of the company’s stock worth $291,951,000 after purchasing an additional 516,523 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of AZEK by 1.5% in the 4th quarter. Wasatch Advisors LP now owns 2,216,800 shares of the company’s stock worth $84,793,000 after purchasing an additional 31,752 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in AZEK by 1.7% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company’s stock valued at $74,712,000 after acquiring an additional 25,515 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Pamela J. Edwards acquired 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the acquisition, the director now owns 8,708 shares in the company, valued at approximately $363,123.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $41.75, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer now owns 1,024,444 shares in the company, valued at approximately $42,770,537. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela J. Edwards bought 600 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the purchase, the director now owns 8,708 shares in the company, valued at $363,123.60. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,000 shares of company stock valued at $1,932,790. 3.10% of the stock is owned by insiders.

AZEK Trading Up 1.2 %

Shares of AZEK opened at $42.63 on Friday. The business has a 50-day moving average of $42.26 and a 200 day moving average of $45.40. The AZEK Company Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $50.78. The firm has a market cap of $6.20 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.21 and a current ratio of 3.40.

AZEK (NYSE:AZEK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. AZEK had a return on equity of 12.02% and a net margin of 10.66%. The company had revenue of $434.40 million during the quarter, compared to analyst estimates of $396.89 million. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts forecast that The AZEK Company Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus dropped their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada dropped their price objective on AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group dropped their price objective on AZEK from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. DA Davidson cut AZEK from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $57.00 to $44.00 in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, AZEK currently has an average rating of “Moderate Buy” and an average price target of $48.24.

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.