The AZEK Company Inc. (NYSE:AZEK) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in The AZEK Company Inc. (NYSE:AZEK) by 57.9% in the 3rd quarter, Holdings Channel reports. The fund owned 6,811,591 shares of the company’s stock after buying an additional 2,497,074 shares during the period. Fmr LLC’s holdings in AZEK were worth $318,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of AZEK during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC increased its stake in shares of AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC bought a new position in AZEK in the 3rd quarter worth approximately $39,000. Blue Trust Inc. lifted its holdings in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after buying an additional 480 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of AZEK by 5,452.2% in the second quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after acquiring an additional 1,254 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Up 1.6 %

NYSE AZEK opened at $53.12 on Friday. The stock’s 50 day simple moving average is $46.12 and its 200 day simple moving average is $44.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The AZEK Company Inc. has a one year low of $33.14 and a one year high of $54.16. The firm has a market cap of $7.60 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 2.30 and a beta of 1.88.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AZEK shares. Royal Bank of Canada boosted their target price on shares of AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. DA Davidson upped their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. BMO Capital Markets lifted their target price on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Truist Financial upped their price target on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their price objective on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, AZEK currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.82.

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.