The AZEK Company Inc. (NYSE:AZEK) Position Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,349 shares of the company’s stock after purchasing an additional 1,495 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of AZEK worth $7,177,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of AZEK in the third quarter valued at $31,000. Farther Finance Advisors LLC raised its position in 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 acquiring an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new stake in AZEK in the 3rd quarter valued at about $39,000. Blue Trust Inc. boosted its position in shares of AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after purchasing an additional 480 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AZEK in the 3rd quarter worth approximately $59,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research note on Friday, October 4th. The Goldman Sachs Group lifted their target price on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird upped their target price on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their price target on AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, AZEK has an average rating of “Moderate Buy” and a consensus price target of $52.13.

AZEK Stock Down 1.4 %

AZEK stock opened at $53.97 on Friday. The AZEK Company Inc. has a twelve month low of $34.96 and a twelve month high of $54.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The firm has a market cap of $7.72 billion, a PE ratio of 51.89, a P/E/G ratio of 2.39 and a beta of 1.92. The firm’s 50 day moving average price is $47.46 and its two-hundred day moving average price is $44.98.

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.