Zurcher Kantonalbank Zurich Cantonalbank Increases Position in The AZEK Company Inc. (NYSE:AZEK)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 105.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 60,798 shares of the company's stock after acquiring an additional 31,193 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in AZEK were worth $2,845,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AZEK. Tidal Investments LLC raised its holdings in shares of AZEK by 3.7% during the 1st quarter. Tidal Investments LLC now owns 7,060 shares of the company's stock worth $355,000 after acquiring an additional 251 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of AZEK in the 2nd quarter valued at approximately $523,000. CWM LLC increased its holdings in shares of AZEK by 24.4% during the 2nd quarter. CWM LLC now owns 5,099 shares of the company's stock worth $215,000 after buying an additional 1,001 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of AZEK by 14.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,436 shares of the company's stock valued at $440,000 after buying an additional 1,308 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in AZEK by 136.0% in the second quarter. Assenagon Asset Management S.A. now owns 635,244 shares of the company's stock valued at $26,763,000 after acquiring an additional 366,025 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AZEK. JPMorgan Chase & Co. lifted their target price on AZEK from $48.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Royal Bank of Canada boosted their price objective on shares of AZEK from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Robert W. Baird increased their target price 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. Barclays boosted their price target on shares of AZEK from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, DA Davidson increased their price objective on shares of AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.82.

AZEK Stock Down 0.3 %

AZEK stock traded down $0.15 during mid-day trading on Wednesday, hitting $53.58. The company had a trading volume of 463,070 shares, compared to its average volume of 1,693,649. The business has a fifty day moving average of $46.39 and a 200 day moving average of $44.60. The AZEK Company Inc. has a 1 year low of $34.02 and a 1 year high of $54.16. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 2.33 and a beta of 1.92.

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.