XTX Topco Ltd Grows Position in The AZEK Company Inc. (NYSE:AZEK)

XTX Topco Ltd raised its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 292.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,928 shares of the company's stock after buying an additional 16,338 shares during the quarter. XTX Topco Ltd's holdings in AZEK were worth $1,026,000 as of its most recent SEC filing.

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

AZEK Stock Down 1.4 %

Shares of AZEK stock traded down $0.74 during trading hours on Tuesday, reaching $53.51. 1,478,716 shares of the stock were exchanged, compared to its average volume of 1,690,542. The business's fifty day moving average is $47.00 and its two-hundred day moving average is $44.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The AZEK Company Inc. has a 12-month low of $34.51 and a 12-month high of $54.69. The firm has a market capitalization of $7.65 billion, a P/E ratio of 52.16, a P/E/G ratio of 2.39 and a beta of 1.92.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of AZEK from $49.00 to $51.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. Truist Financial upped their target price on shares of AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Royal Bank of Canada upped their target price on shares of AZEK from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. DA Davidson upped their target price 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. Finally, Robert W. Baird upped their target price on shares of AZEK from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, AZEK has a consensus rating of "Moderate Buy" and a consensus target price of $50.63.

AZEK 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.