Loomis Sayles & Co. L P Acquires 58,751 Shares of The AZEK Company Inc. (NYSE:AZEK)

Loomis Sayles & Co. L P raised its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,281,538 shares of the company’s stock after acquiring an additional 58,751 shares during the period. Loomis Sayles & Co. L P’s holdings in AZEK were worth $60,834,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in AZEK by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,302 shares of the company’s stock valued at $53,600,000 after purchasing an additional 28,080 shares during the last quarter. Bank of Montreal Can grew its position in shares of AZEK by 22.8% during the 3rd quarter. Bank of Montreal Can now owns 196,361 shares of the company’s stock worth $9,184,000 after buying an additional 36,433 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 acquiring an additional 200,746 shares during the last quarter. FMR LLC raised its position in shares of AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock valued at $318,782,000 after acquiring an additional 2,497,074 shares during the period. Finally, Quantbot Technologies LP bought a new position in AZEK during the 3rd quarter worth approximately $801,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the completion of the transaction, the chief executive officer now directly owns 883,765 shares in the company, valued at approximately $44,258,951.20. The trade was a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 55,000 shares of company stock worth $2,518,624 in the last ninety days. Insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

AZEK has been the subject of several recent analyst reports. Baird R W downgraded shares of AZEK from a “strong-buy” rating to a “hold” rating in a research note on Monday. William Blair reiterated a “market perform” rating on shares of AZEK in a report on Monday. Wolfe Research reissued a “peer perform” rating on shares of AZEK in a research note on Wednesday. Stephens lowered AZEK from an “overweight” rating to a “mixed” rating in a research report on Monday. Finally, Citigroup reiterated a “neutral” rating and issued a $51.50 price objective (down from $61.00) on shares of AZEK in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, AZEK has an average rating of “Hold” and an average target price of $54.32.

AZEK Stock Down 0.1 %

AZEK stock opened at $48.96 on Thursday. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 49.45, a P/E/G ratio of 1.91 and a beta of 1.95. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The business has a 50 day moving average price of $47.41 and a two-hundred day moving average price of $47.30. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

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