The AZEK Company Inc. (NYSE:AZEK - Get Free Report)'s stock price was down 1.3% during trading on Monday . The stock traded as low as $53.51 and last traded at $53.51. Approximately 251,256 shares changed hands during trading, a decline of 85% from the average daily volume of 1,686,211 shares. The stock had previously closed at $54.21.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of AZEK from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Loop Capital cut AZEK from a "buy" rating to a "hold" rating and set a $47.00 price objective on the stock. in a research note on Friday, October 4th. Truist Financial increased their target price on shares of AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Barclays upped their price objective on shares of AZEK from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets lifted their target price on shares of AZEK from $49.00 to $51.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, AZEK currently has an average rating of "Moderate Buy" and an average price target of $50.63.
Check Out Our Latest Stock Report on AZEK
AZEK Trading Up 0.1 %
The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The stock's 50 day moving average is $46.85 and its 200-day moving average is $44.75. The company has a market capitalization of $7.76 billion, a P/E ratio of 52.08, a P/E/G ratio of 2.39 and a beta of 1.92.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in AZEK by 33.8% in the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company's stock worth $665,702,000 after purchasing an additional 3,595,863 shares in the last quarter. FMR LLC boosted its stake in AZEK by 57.9% during the third quarter. FMR LLC now owns 6,811,591 shares of the company's stock worth $318,782,000 after acquiring an additional 2,497,074 shares in the last quarter. State Street Corp grew its holdings in AZEK by 1.9% in the third quarter. State Street Corp now owns 2,451,483 shares of the company's stock worth $114,729,000 after purchasing an additional 45,774 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of AZEK by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company's stock valued at $99,175,000 after purchasing an additional 118,351 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of AZEK by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company's stock valued at $109,105,000 after purchasing an additional 12,644 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.
About AZEK
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AZEK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AZEK wasn't on the list.
While AZEK currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
