Barclays PLC raised its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 96.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,588 shares of the company's stock after acquiring an additional 93,819 shares during the period. Barclays PLC owned 0.13% of AZEK worth $8,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC raised its position in AZEK by 2.2% in the 3rd quarter. WCM Investment Management LLC now owns 539,494 shares of the company's stock valued at $25,232,000 after purchasing an additional 11,770 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in 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 valued at $31,415,000 after purchasing an additional 50,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AZEK by 105.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company's stock valued at $2,845,000 after purchasing an additional 31,193 shares during the period. Algert Global LLC raised 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 valued at $5,590,000 after buying an additional 18,690 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of AZEK by 203.7% during the second quarter. Hsbc Holdings PLC now owns 142,142 shares of the company's stock worth $5,960,000 after buying an additional 95,332 shares during the period. Hedge funds and other institutional investors own 97.44% of the company's stock.
AZEK Trading Down 0.8 %
Shares of AZEK stock opened at $52.74 on Wednesday. The company has a 50-day moving average of $48.03 and a two-hundred day moving average of $45.07. The AZEK Company Inc. has a 12-month low of $35.38 and a 12-month high of $54.91. 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 stock has a market cap of $7.54 billion, a PE ratio of 50.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.92.
Insider Buying and Selling
In other news, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, the chief marketing officer now owns 16,632 shares of the company's stock, valued at $881,496. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the sale, the chief executive officer now directly owns 923,765 shares in the company, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on AZEK shares. The Goldman Sachs Group upped their price objective on AZEK from $52.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Robert W. Baird upped their price target on AZEK from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their price target on AZEK from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on shares of AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, Barclays raised their target price on shares of AZEK from $58.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.67.
Get Our Latest Stock Analysis on AZEK
AZEK Company Profile
(
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.
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