Bank of Montreal Can Increases Position in The AZEK Company Inc. (NYSE:AZEK)

Bank of Montreal Can raised its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 196,361 shares of the company's stock after purchasing an additional 36,433 shares during the period. Bank of Montreal Can owned approximately 0.14% of AZEK worth $9,184,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AZEK. Vaughan Nelson Investment Management L.P. raised its holdings in AZEK by 15.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 734,446 shares of the company's stock worth $30,942,000 after purchasing an additional 100,719 shares during the period. WCM Investment Management LLC raised its holdings in AZEK by 2.2% during the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company's stock valued at $25,232,000 after acquiring an additional 11,770 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of AZEK by 8.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company's stock worth $31,415,000 after purchasing an additional 50,230 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of AZEK by 203.7% in the second quarter. Hsbc Holdings PLC now owns 142,142 shares of the company's stock worth $5,960,000 after purchasing an additional 95,332 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of AZEK by 18.5% in the third quarter. Algert Global LLC now owns 119,453 shares of the company's stock worth $5,590,000 after purchasing an additional 18,690 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AZEK shares. Barclays lifted their target price on AZEK from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. Royal Bank of Canada boosted their target price on AZEK from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. UBS Group dropped their target price on AZEK from $47.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Loop Capital lowered AZEK from a "buy" rating to a "hold" rating and set a $47.00 target price for the company. in a research report on Friday, October 4th. Finally, BMO Capital Markets boosted their target price on AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $49.82.

AZEK Stock Up 0.1 %

Shares of AZEK stock traded up $0.07 during trading hours on Monday, reaching $53.19. 357,747 shares of the company's stock were exchanged, compared to its average volume of 1,698,492. The stock's 50 day moving average is $46.12 and its 200-day moving average is $44.51. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 50.85, a P/E/G ratio of 2.34 and a beta of 1.88. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The AZEK Company Inc. has a fifty-two week low of $34.02 and a fifty-two week high of $54.16.

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.