The AZEK Company Inc. (NYSE:AZEK) Shares Bought by Versor Investments LP

Versor Investments LP grew its holdings in The AZEK Company Inc. (NYSE:AZEK) by 194.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,452 shares of the company’s stock after acquiring an additional 12,852 shares during the period. Versor Investments LP’s holdings in AZEK were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of AZEK. SG Americas Securities LLC grew its position in shares of AZEK by 573.2% during the first quarter. SG Americas Securities LLC now owns 30,063 shares of the company’s stock worth $1,510,000 after buying an additional 25,597 shares in the last quarter. Sei Investments Co. increased its position in shares of AZEK by 2.0% in the 1st quarter. Sei Investments Co. now owns 459,982 shares of the company’s stock valued at $23,100,000 after purchasing an additional 8,978 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of AZEK by 44.5% in the 1st quarter. Russell Investments Group Ltd. now owns 206,138 shares of the company’s stock valued at $10,352,000 after purchasing an additional 63,481 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of AZEK in the 1st quarter valued at $26,360,000. Finally, Westfield Capital Management Co. LP lifted its position in shares of AZEK by 1.7% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company’s stock worth $74,712,000 after purchasing an additional 25,515 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Truist Financial cut their price target on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, August 13th. BMO Capital Markets raised their price objective on shares of AZEK from $46.00 to $49.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. UBS Group lowered their target price on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Royal Bank of Canada cut their price target on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.12.

AZEK Trading Down 1.4 %

NYSE AZEK opened at $47.23 on Wednesday. The AZEK Company Inc. has a 52-week low of $28.21 and a 52-week high of $50.78. The firm has a 50-day moving average price of $44.48 and a 200 day moving average price of $44.18. The stock has a market capitalization of $6.83 billion, a P/E ratio of 41.80, a P/E/G ratio of 1.21 and a beta of 1.88. The company has a quick ratio of 2.11, a current ratio of 3.07 and a debt-to-equity ratio of 0.41.

Insider Transactions at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.47, for a total value of $829,400.00. Following the sale, the chief executive officer now directly owns 186,705 shares in the company, valued at $7,742,656.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Pamela J. Edwards bought 600 shares of the stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the acquisition, the director now owns 8,708 shares of the company’s stock, valued at approximately $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the completion of the transaction, the chief executive officer now directly owns 186,705 shares of the company’s stock, valued at approximately $7,742,656.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

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.