The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,145,302 shares of the company's stock after buying an additional 28,080 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.79% of AZEK worth $53,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AZEK. Equitable Trust Co. increased its position in AZEK by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company's stock worth $484,000 after purchasing an additional 226 shares during the period. Tidal Investments LLC lifted its stake in shares of AZEK by 3.7% in 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% during the third quarter. Creative Planning now owns 6,987 shares of the company's stock worth $327,000 after buying an additional 430 shares in the last quarter. Covestor Ltd grew its position in AZEK by 18.8% during the third quarter. Covestor Ltd now owns 2,758 shares of the company's stock worth $129,000 after buying an additional 436 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company's stock valued at $44,000 after acquiring an additional 480 shares during the period. Hedge funds and other institutional investors own 97.44% of the company's stock.

AZEK Stock Up 1.6 %

NYSE:AZEK traded up $0.86 during trading hours on Friday, hitting $53.12. The stock had a trading volume of 867,478 shares, compared to its average volume of 1,486,057. The business has a 50 day simple moving average of $46.12 and a two-hundred day simple moving average of $44.54. The AZEK Company Inc. has a 1-year low of $33.14 and a 1-year high of $54.16. 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 company has a market cap of $7.60 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 2.34 and a beta of 1.88.

Wall Street Analyst Weigh In

AZEK has been the subject of a number of research analyst reports. UBS Group dropped their price target on AZEK from $47.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Robert W. Baird lifted their target price on shares of AZEK from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Stifel Nicolaus cut their price objective on AZEK from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price objective on AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Finally, DA Davidson lifted their price objective on AZEK from $44.00 to $50.00 and gave the stock a "neutral" 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.