Hantz Financial Services Inc. lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK – Free Report) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,968 shares of the company’s stock after selling 542 shares during the quarter. Hantz Financial Services Inc.’s holdings in AZEK were worth $1,496,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AZEK. Equitable Trust Co. grew its position in shares of AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after purchasing an additional 226 shares during the last quarter. Tidal Investments LLC grew its position in shares of AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock valued at $355,000 after purchasing an additional 251 shares during the last quarter. Creative Planning grew its position in shares of AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after purchasing an additional 430 shares during the last quarter. Covestor Ltd grew its position in shares of AZEK by 18.8% in the third quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after purchasing an additional 436 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of 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 purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Royal Bank of Canada upped their target price on AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Barclays boosted their price target on AZEK from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their price target on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. Finally, Robert W. Baird boosted their price target on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, AZEK presently has an average rating of “Moderate Buy” and an average price target of $49.82.
AZEK Stock Up 1.6 %
Shares of AZEK opened at $53.12 on Monday. The company has a market capitalization of $7.60 billion, a PE ratio of 51.08, a PEG ratio of 2.34 and a beta of 1.88. The AZEK Company Inc. has a 12 month low of $33.14 and a 12 month high of $54.16. The stock’s 50-day moving average price is $46.12 and its two-hundred day moving average price is $44.54. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.
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.
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