State Street Corp Increases Holdings in The AZEK Company Inc. (NYSE:AZEK)

State Street Corp raised its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,451,483 shares of the company’s stock after purchasing an additional 45,774 shares during the period. State Street Corp’s holdings in AZEK were worth $114,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of AZEK during the third quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares in the last quarter. Paladin Wealth LLC bought a new stake in AZEK during the 3rd quarter valued at approximately $39,000. Blue Trust Inc. grew its holdings in shares of AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after acquiring an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AZEK in the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AZEK shares. BMO Capital Markets increased their price objective on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Truist Financial increased their price target on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird boosted their price objective on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a report on Friday, October 4th. Finally, Royal Bank of Canada lifted their target price on shares of AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.67.

AZEK Trading Down 0.8 %

NYSE:AZEK opened at $53.51 on Monday. The AZEK Company Inc. has a one year low of $35.38 and a one year high of $54.91. The business has a fifty day moving average price of $47.66 and a 200-day moving average price of $45.00. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 51.45, a price-to-earnings-growth ratio of 2.40 and a beta of 1.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14.

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.