State Street Corp Boosts Position in The AZEK Company Inc. (NYSE:AZEK)

State Street Corp boosted its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,451,483 shares of the company's stock after acquiring an additional 45,774 shares during the quarter. State Street Corp owned 1.69% of AZEK worth $114,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ORG Wealth Partners LLC bought a new position in shares of AZEK in the third quarter worth approximately $31,000. Farther Finance Advisors LLC grew its position in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock worth $35,000 after purchasing an additional 487 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of AZEK during the third quarter valued at approximately $39,000. Blue Trust Inc. increased its holdings in AZEK by 106.4% in 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AZEK in the third quarter worth about $59,000. 97.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AZEK has been the topic of several recent research reports. Barclays upped their price objective on AZEK from $58.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. DA Davidson increased their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group boosted their target price on shares of AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank of Canada increased their price target on shares of AZEK from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday. Finally, BMO Capital Markets upped their price objective on AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $52.67.

AZEK Stock Down 0.6 %

AZEK stock traded down $0.33 during trading on Monday, reaching $53.18. 900,610 shares of the company traded hands, compared to its average volume of 1,681,143. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 2.40 and a beta of 1.92. The business has a 50 day simple moving average of $47.85 and a 200 day simple moving average of $45.04. The AZEK Company Inc. has a 12 month low of $35.38 and a 12 month high of $54.91.

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.