Point72 Asset Management L.P. Has $10.85 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Point72 Asset Management L.P. decreased its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 83.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,901 shares of the company's stock after selling 1,145,982 shares during the period. Point72 Asset Management L.P. owned approximately 0.16% of AZEK worth $10,853,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FMR LLC boosted its position in AZEK by 57.9% during the 3rd 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 during the last quarter. Dimensional Fund Advisors LP grew its position in AZEK by 5.3% in 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. Mercer Global Advisors Inc. ADV acquired a new position in shares of AZEK during the 2nd quarter worth about $86,719,000. Millennium Management LLC grew its holdings in shares of AZEK by 25.7% in the 2nd quarter. Millennium Management LLC now owns 1,298,920 shares of the company's stock valued at $54,724,000 after acquiring an additional 265,827 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of AZEK by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,302 shares of the company's stock valued at $53,600,000 after acquiring an additional 28,080 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

AZEK Stock Performance

Shares of AZEK traded up $0.73 during mid-day trading on Friday, hitting $54.21. 1,437,343 shares of the company's stock were exchanged, compared to its average volume of 1,456,239. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The AZEK Company Inc. has a 52 week low of $34.02 and a 52 week high of $54.69. The stock's 50-day simple moving average is $46.85 and its 200-day simple moving average is $44.75. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 52.13, a price-to-earnings-growth ratio of 2.36 and a beta of 1.92.

Analysts Set New Price Targets

Several research analysts recently commented on AZEK shares. Truist Financial increased their price target on AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Benchmark restated a "buy" rating and set a $55.00 target price on shares of AZEK in a report on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of AZEK from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Loop Capital downgraded shares of AZEK from a "buy" rating to a "hold" rating and set a $47.00 price objective for the company. in a research report on Friday, October 4th. Finally, Barclays upped their target price on shares of AZEK from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.