Farther Finance Advisors LLC Raises Holdings in The AZEK Company Inc. (NYSE:AZEK)

Farther Finance Advisors LLC raised its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 183.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 753 shares of the company’s stock after acquiring an additional 487 shares during the quarter. Farther Finance Advisors LLC’s holdings in AZEK were worth $35,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its stake in AZEK by 44.5% in the 1st quarter. Russell Investments Group Ltd. now owns 206,138 shares of the company’s stock valued at $10,352,000 after buying an additional 63,481 shares during the period. Lord Abbett & CO. LLC purchased a new stake in AZEK during the 1st quarter worth about $26,360,000. Westfield Capital Management Co. LP lifted its stake in shares of AZEK by 1.7% during the first quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company’s stock valued at $74,712,000 after buying an additional 25,515 shares during the period. Vanguard Group Inc. increased its stake in AZEK by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock valued at $677,082,000 after purchasing an additional 413,297 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in AZEK in the first quarter valued at approximately $439,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Price Performance

AZEK stock opened at $46.76 on Friday. The AZEK Company Inc. has a 12 month low of $30.36 and a 12 month high of $50.78. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.22 and a beta of 1.88. The stock’s 50 day moving average is $44.71 and its 200-day moving average is $44.22.

Analyst Ratings Changes

AZEK has been the subject of a number of recent research reports. UBS Group lowered their target price on AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Truist Financial lowered their target price on shares of AZEK from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research report on Friday, August 9th. Royal Bank of Canada cut their price objective on AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.12.

AZEK Company 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.