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

Loomis Sayles & Co. L P lifted its holdings in The AZEK Company Inc. (NYSE:AZEK) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,281,538 shares of the company’s stock after purchasing an additional 58,751 shares during the period. Loomis Sayles & Co. L P owned 0.90% of AZEK worth $60,834,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AZEK. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AZEK by 623.2% during the fourth 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. EFG Asset Management North America Corp. increased its position in AZEK by 26.2% during the fourth quarter. EFG Asset Management North America Corp. now owns 47,136 shares of the company’s stock worth $2,238,000 after acquiring an additional 9,772 shares during the period. Congress Wealth Management LLC DE raised its stake in AZEK by 6.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 95,318 shares of the company’s stock valued at $4,525,000 after purchasing an additional 6,073 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in AZEK in the 4th quarter valued at $451,000. Finally, Vanguard Group Inc. grew its position in AZEK by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company’s stock worth $685,032,000 after purchasing an additional 54,725 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Performance

NYSE AZEK opened at $48.96 on Thursday. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The company has a 50 day moving average of $47.41 and a 200-day moving average of $47.30. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 1.91 and a beta of 1.95.

AZEK (NYSE:AZEK) last issued 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 analysts forecast that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $41.03, for a total value of $615,450.00. Following the transaction, the chief executive officer now directly owns 868,765 shares in the company, valued at approximately $35,645,427.95. This trade represents a 1.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 55,000 shares of company stock valued at $2,518,624 in the last 90 days. 3.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

AZEK has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $53.00 price objective (down previously from $58.00) on shares of AZEK in a research report on Monday. Royal Bank of Canada raised 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. Barclays lifted their price objective on AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Wolfe Research restated a “peer perform” rating on shares of AZEK in a research note on Wednesday. Finally, Baird R W lowered shares of AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.32.

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.