The AZEK Company Inc. (NYSE:AZEK) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 22.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,361 shares of the company’s stock after purchasing an additional 36,433 shares during the quarter. Bank of Montreal Can’s holdings in AZEK were worth $9,184,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AZEK. Equitable Trust Co. lifted its stake in AZEK by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after acquiring an additional 226 shares during the period. Tidal Investments LLC lifted its position in AZEK by 3.7% during the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock valued at $355,000 after purchasing an additional 251 shares during the period. Creative Planning boosted its holdings in AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after purchasing an additional 430 shares during the last quarter. 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 during the period. Finally, Blue Trust Inc. boosted its stake in shares of AZEK by 106.4% in 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. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Up 1.6 %

Shares of NYSE:AZEK opened at $53.12 on Monday. The AZEK Company Inc. has a 52-week low of $33.14 and a 52-week high of $54.16. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $46.12 and a two-hundred day moving average of $44.54. The stock has a market cap of $7.60 billion, a P/E ratio of 51.08, a PEG ratio of 2.34 and a beta of 1.88.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. UBS Group lowered their price target on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada lifted their price objective on shares of AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Robert W. Baird increased their price target on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.82.

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.