Rockefeller Capital Management L.P. Has $19.97 Million Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Rockefeller Capital Management L.P. raised its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 22.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,785 shares of the company's stock after acquiring an additional 77,040 shares during the period. Rockefeller Capital Management L.P. owned 0.29% of AZEK worth $19,974,000 as of its most recent SEC filing.

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

AZEK Stock Down 0.2 %

NYSE AZEK traded down $0.13 during trading on Monday, reaching $52.99. 1,140,481 shares of the company's stock were exchanged, compared to its average volume of 1,701,981. 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 AZEK Company Inc. has a fifty-two week low of $34.02 and a fifty-two week high of $54.16. The company's fifty day simple moving average is $46.12 and its 200-day simple moving average is $44.51. The firm has a market capitalization of $7.58 billion, a PE ratio of 50.85, a P/E/G ratio of 2.34 and a beta of 1.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of AZEK from $52.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, August 8th. BMO Capital Markets lifted their price target on AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a research report on Wednesday, November 20th. Barclays raised their target price on AZEK from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Benchmark reiterated a "buy" rating and issued a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Finally, DA Davidson upped their price target on shares of AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, AZEK has a consensus rating of "Moderate Buy" and an average 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.