FORA Capital LLC Invests $1.36 Million in The AZEK Company Inc. (NYSE:AZEK)

FORA Capital LLC bought a new stake in shares of The AZEK Company Inc. (NYSE:AZEK) during the third quarter, Holdings Channel reports. The fund bought 29,132 shares of the company’s stock, valued at approximately $1,363,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of AZEK during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its position in shares of 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 position in shares of AZEK during the 3rd quarter valued at approximately $39,000. Blue Trust Inc. lifted its position in shares of AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after buying an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after buying an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Down 0.3 %

NYSE AZEK opened at $52.26 on Thursday. The AZEK Company Inc. has a 52 week low of $31.17 and a 52 week 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 business’s fifty day simple moving average is $45.74 and its 200-day simple moving average is $44.38. The firm has a market cap of $7.56 billion, a PE ratio of 50.25, a P/E/G ratio of 2.38 and a beta of 1.88.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AZEK. DA Davidson increased their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. UBS Group decreased their price objective on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Robert W. Baird raised their price objective on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada raised their price objective on AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus decreased their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, AZEK has an average rating of “Moderate Buy” and an average target price of $49.82.

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.