Orion Portfolio Solutions LLC Increases Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Orion Portfolio Solutions LLC increased its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 238.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,701 shares of the company's stock after purchasing an additional 14,593 shares during the quarter. Orion Portfolio Solutions LLC's holdings in AZEK were worth $969,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of AZEK during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC increased its position in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company's stock valued at $35,000 after buying an additional 487 shares in the last quarter. Paladin Wealth LLC purchased a new stake in AZEK in the third quarter valued at about $39,000. Blue Trust Inc. raised its stake in 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 buying an additional 480 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in AZEK in the third quarter worth about $59,000. Institutional investors own 97.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AZEK shares. Barclays increased their price objective on shares of AZEK from $58.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial upped their price target on shares of AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their price objective on shares of AZEK from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Benchmark reissued a "buy" rating and set a $55.00 price objective on shares of AZEK in a report on Thursday, November 21st. Finally, The Goldman Sachs Group raised their target price on AZEK from $52.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.67.

AZEK Stock Performance

Shares of AZEK traded down $0.33 during trading hours on Monday, hitting $53.18. The stock had a trading volume of 900,610 shares, compared to its average volume of 1,681,143. The firm has a 50-day moving average price of $47.85 and a 200 day moving average price of $45.04. The AZEK Company Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $54.91. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.40 and a beta of 1.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17.

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.