The AZEK Company Inc. (NYSE:AZEK) Stock Position Cut by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 97.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,251 shares of the company's stock after selling 430,009 shares during the quarter. Los Angeles Capital Management LLC's holdings in AZEK were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AZEK. ORG Wealth Partners LLC acquired a new position in AZEK in the third quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock worth $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC acquired a new stake in AZEK during the 3rd quarter worth approximately $39,000. Blue Trust Inc. increased its position in AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company's stock worth $44,000 after purchasing an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in AZEK by 5,452.2% in the second quarter. Versant Capital Management Inc now owns 1,277 shares of the company's stock valued at $54,000 after buying an additional 1,254 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

AZEK Stock Performance

NYSE:AZEK traded down $1.09 during midday trading on Friday, reaching $45.67. 1,634,954 shares of the company traded hands, compared to its average volume of 1,174,660. The AZEK Company Inc. has a twelve month low of $30.36 and a twelve month high of $50.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The company has a fifty day moving average price of $44.80 and a 200 day moving average price of $44.21. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 1.18 and a beta of 1.88.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AZEK shares. Truist Financial cut their target price on shares of AZEK from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada decreased their target price on AZEK from $49.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Loop Capital downgraded AZEK from a "buy" rating to a "hold" rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. UBS Group lowered their price objective on shares of AZEK from $47.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Finally, Stifel Nicolaus decreased their target price on shares of AZEK from $52.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $48.12.

AZEK Company 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.