Landscape Capital Management L.L.C. Takes $256,000 Position in The AZEK Company Inc. (NYSE:AZEK)

Landscape Capital Management L.L.C. bought a new stake in The AZEK Company Inc. (NYSE:AZEK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,476 shares of the company’s stock, valued at approximately $256,000.

Several other large investors also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in AZEK by 8.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after purchasing an additional 50,230 shares during the last quarter. Swiss National Bank boosted its stake in AZEK by 10.0% during the 3rd quarter. Swiss National Bank now owns 284,050 shares of the company’s stock valued at $13,294,000 after purchasing an additional 25,900 shares during the last quarter. KBC Group NV boosted its stake in AZEK by 13.1% during the 3rd quarter. KBC Group NV now owns 9,239 shares of the company’s stock valued at $432,000 after purchasing an additional 1,069 shares during the last quarter. GSA Capital Partners LLP acquired a new position in AZEK during the 3rd quarter valued at about $445,000. Finally, WCM Investment Management LLC boosted its stake in AZEK by 2.2% during the 3rd quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock valued at $25,232,000 after purchasing an additional 11,770 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Trading Up 4.6 %

NYSE:AZEK opened at $53.34 on Tuesday. The firm’s 50 day moving average is $45.59 and its 200 day moving average is $44.33. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The AZEK Company Inc. has a 12 month low of $31.17 and a 12 month high of $54.16. The stock has a market capitalization of $7.72 billion, a PE ratio of 51.29, a price-to-earnings-growth ratio of 2.29 and a beta of 1.88.

Analyst Ratings Changes

A number of research firms have issued reports on AZEK. BMO Capital Markets lifted their price target on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their target price on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Friday, October 4th. UBS Group dropped their target price on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.