The AZEK Company Inc. (NYSE: AZEK) Shares held by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of The AZEK Company Inc. (NYSE: AZEK – Get Rating) by 21.0% in the first quarter, reports. The company held 860,995 shares of the company after purchasing an additional 149,616 shares during the period. Victory Capital Management Inc.’s holdings in AZEK were worth $21,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently increased or reduced their stakes in AZEK. Massachusetts Financial Services Co. MA increased its stake in AZEK by 20.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,906,687 shares of the company valued at $319,365,000 after purchasing an additional 1,149,893 shares in the last quarter. Phoenix Holdings Ltd. bought a new position in AZEK during Q4 worth $36,871,000. Segall Bryant & Hamill LLC increased its stake in AZEK by 466.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 880,446 shares of the company valued at $40,702,000 after purchasing an additional 725,108 shares last quarter. Marshall Wace LLP increased its stake in AZEK by 839.0% during the 4th quarter. Marshall Wace LLP now owns 742,536 shares of the company valued at $34,335,000 after purchasing an additional 663,460 shares last quarter. Finally, Atika Capital Management LLC bought a new position in AZEK during the 4th quarter at a value of $21,271,000. 96.53% of the shares are held by institutional investors.

AZEK Price Performance

NYSE:AZEK shares opened at $20.41 on Friday. The company has a current ratio of 3.00, a quick ratio of 1.28 and a debt ratio of 0.34. AZEK Inc. has a 1-year low of $15.52 and a 1-year high of $46.56. The company has a fifty-day simple moving average of $19.14 and a 200-day simple moving average of $23.52. The company has a market capitalization of $3.16 billion, a price/earnings ratio of 27.96, a P/E/G ratio of 1.46 and a beta of 1.89.

AZEK (NYSE:AZEK – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported earnings per share (EPS) of $0.32 for the quarter, beating the consensus estimate of $0.30 by $0.02. AZEK had a return on equity of 11.08% and a net margin of 8.49%. The company posted revenue of $396.26 million in the quarter, versus analyst estimates of $368.06 million. During the same period last year, the company earned earnings per share of $0.22. AZEK’s quarterly revenue increased 35.2% compared to the same quarter last year. As a group, sell-side analysts expect The AZEK Company Inc. to post earnings per share of 0.97 for the current fiscal year.

Wall Street analysts predict growth

AZEK has been the subject of a number of research reports. Zelman & Associates downgraded AZEK from a “hold” rating to a “buy” rating in a Wednesday, May 11 research note. Bank of America upgraded AZEK from a “neutral” rating to a “buy” rating and reduced its price target for the company from $23.00 to $22.00 in a Friday, June 17 research report. Barclays cut its price target on AZEK from $29.00 to $28.00 and set an “overweight” rating for the company in a research report Thursday, July 14. Stephens set a $20.00 price target on AZEK in a Monday, June 20 research report. Finally, B. Riley reduced his price target on AZEK from $35.00 to $29.00 in a Thursday, May 12 research report. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating for the company’s stock. According to data from, the company has a consensus rating of “Moderate Buy” and an average target price of $29.80.

About AZEK

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The AZEK Company Inc engages in the design, manufacture and sale of building products for the residential, commercial and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered exterior products, which include decking, railing, trim and moldings, and accessories under the TimberTech, AZEK Exteriors, VERSATEX and ULTRALOX brands.

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Institutional ownership by quarter for AZEK (NYSE: AZEK)

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