Los Angeles Capital Management LLC Has $433,000 Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Los Angeles Capital Management LLC lowered its stake in The AZEK Company Inc. (NYSE:AZEK) by 97.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,251 shares of the company’s stock after selling 430,009 shares during the quarter. Los Angeles Capital Management LLC’s holdings in AZEK were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D increased its position in shares of AZEK by 2.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 49,208 shares of the company’s stock worth $2,303,000 after acquiring an additional 1,382 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in AZEK by 1.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 772,639 shares of the company’s stock worth $36,160,000 after purchasing an additional 11,137 shares during the period. Covestor Ltd grew its position in AZEK by 18.8% during the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $129,000 after purchasing an additional 436 shares in the last quarter. Privium Fund Management B.V. raised its stake in AZEK by 34.3% during the 3rd quarter. Privium Fund Management B.V. now owns 11,550 shares of the company’s stock valued at $541,000 after purchasing an additional 2,950 shares during the period. Finally, Equitable Trust Co. lifted its holdings in shares of AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Down 2.3 %

AZEK opened at $45.67 on Friday. The AZEK Company Inc. has a twelve month low of $30.36 and a twelve month high of $50.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.11 and a current ratio of 3.07. The business has a 50 day moving average price of $44.80 and a 200 day moving average price of $44.21. The firm has a market cap of $6.61 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.88.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AZEK. JPMorgan Chase & Co. dropped their price target on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 13th. BMO Capital Markets upped their target price on AZEK from $46.00 to $49.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Stifel Nicolaus decreased their price target on shares of AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada dropped their price objective on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group decreased their target price on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.12.

About AZEK

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.