The AZEK Company Inc. (NYSE:AZEK) Stock Holdings Reduced by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,200 shares of the company's stock after selling 19,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.16% of AZEK worth $10,680,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AZEK. FMR LLC raised its holdings in shares of AZEK by 57.9% during the third quarter. FMR LLC now owns 6,811,591 shares of the company's stock valued at $318,782,000 after buying an additional 2,497,074 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in AZEK during the 2nd quarter worth $86,719,000. Interval Partners LP grew its stake in shares of AZEK by 162.4% in the second quarter. Interval Partners LP now owns 742,749 shares of the company's stock worth $31,292,000 after purchasing an additional 459,664 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of AZEK by 73.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,006,253 shares of the company's stock valued at $47,093,000 after purchasing an additional 425,609 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of AZEK by 136.0% during the second quarter. Assenagon Asset Management S.A. now owns 635,244 shares of the company's stock valued at $26,763,000 after purchasing an additional 366,025 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

AZEK Stock Down 1.4 %

Shares of AZEK stock traded down $0.74 on Tuesday, reaching $53.51. 1,478,716 shares of the company's stock traded hands, compared to its average volume of 1,690,542. The AZEK Company Inc. has a 12-month low of $34.51 and a 12-month high of $54.69. 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 $7.65 billion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 2.39 and a beta of 1.92. The business's 50 day moving average price is $47.00 and its two-hundred day moving average price is $44.80.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $55.00 price objective on shares of AZEK in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Truist Financial upped their price objective on AZEK from $52.00 to $57.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. BMO Capital Markets lifted their target price on AZEK from $49.00 to $51.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. 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. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.63.

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.