The AZEK Company Inc. (NYSE:AZEK) Shares Sold by MAI Capital Management

MAI Capital Management lowered its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,368 shares of the company’s stock after selling 250 shares during the quarter. MAI Capital Management’s holdings in AZEK were worth $860,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new position in shares of AZEK in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in shares of AZEK by 183.1% during the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC purchased a new position in AZEK in the 3rd quarter valued at $39,000. Blue Trust Inc. increased its stake in AZEK by 106.4% in 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 during the period. Finally, Versant Capital Management Inc raised its position in AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock worth $54,000 after buying an additional 1,254 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Trading Up 3.0 %

Shares of AZEK stock opened at $49.66 on Friday. The AZEK Company Inc. has a 1 year low of $31.16 and a 1 year high of $50.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The business has a 50 day moving average price of $45.27 and a 200 day moving average price of $44.27. The company has a market capitalization of $7.19 billion, a P/E ratio of 47.75, a P/E/G ratio of 1.20 and a beta of 1.88.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays boosted their target price on AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada raised their price target on AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Finally, Stifel Nicolaus reduced their target price on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.24.

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.