The AZEK Company Inc. (NYSE:AZEK) Holdings Boosted by Eaton Vance Management

Eaton Vance Management grew its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 12.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,464,112 shares of the company’s stock after buying an additional 278,578 shares during the period. Eaton Vance Management’s holdings in The AZEK were worth $103,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AZEK. Los Angeles Capital Management LLC bought a new stake in shares of The AZEK during the fourth quarter valued at approximately $997,000. Rhumbline Advisers increased its stake in shares of The AZEK by 97.6% during the fourth quarter. Rhumbline Advisers now owns 67,997 shares of the company’s stock valued at $2,614,000 after acquiring an additional 33,580 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of The AZEK during the fourth quarter valued at approximately $267,000. Northern Trust Corp increased its stake in shares of The AZEK by 53.1% during the fourth quarter. Northern Trust Corp now owns 417,445 shares of the company’s stock valued at $16,051,000 after acquiring an additional 144,784 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of The AZEK during the fourth quarter valued at approximately $1,657,000. 94.47% of the stock is currently owned by institutional investors.

The AZEK stock opened at $37.24 on Thursday. The business has a 50 day moving average price of $41.15. The AZEK Company Inc. has a 52 week low of $30.88 and a 52 week high of $51.32. The company has a quick ratio of 2.31, a current ratio of 3.63 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.76 billion and a price-to-earnings ratio of -56.42.

The AZEK (NYSE:AZEK) last posted its quarterly earnings data on Wednesday, May 12th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The AZEK had a negative net margin of 8.42% and a positive return on equity of 8.82%. The firm had revenue of $293.10 million during the quarter, compared to analyst estimates of $281.82 million. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities analysts expect that The AZEK Company Inc. will post 0.8 earnings per share for the current year.

In related news, CEO Jesse G. Singh sold 55,000 shares of The AZEK stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $49.27, for a total value of $2,709,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bobby Gentile sold 13,000 shares of The AZEK stock in a transaction on Friday, June 18th. The shares were sold at an average price of $40.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 236,776 shares of company stock valued at $10,632,993. 4.20% of the stock is owned by company insiders.

A number of research firms recently commented on AZEK. Zacks Investment Research lowered shares of The AZEK from a “buy” rating to a “sell” rating in a research note on Tuesday. Barclays lifted their price target on shares of The AZEK from $51.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, April 8th. Wedbush assumed coverage on shares of The AZEK in a research report on Monday, April 19th. They issued an “outperform” rating and a $52.00 price target on the stock. Loop Capital assumed coverage on shares of The AZEK in a research report on Thursday, April 8th. They issued a “buy” rating and a $52.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of The AZEK in a research report on Wednesday, May 5th. They issued a “neutral” rating and a $53.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The AZEK currently has a consensus rating of “Buy” and an average price target of $46.64.

About The AZEK

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential and commercial markets in the United States. The company operates through Residential and Commercial segments. Its products include decks, rails, trims, accessories, and specialty exteriors; and partitions, lockers, and polymer solutions.

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Institutional Ownership by Quarter for The AZEK (NYSE:AZEK)

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