Bank of Montreal Can Purchases 36,433 Shares of The AZEK Company Inc. (NYSE:AZEK)

Bank of Montreal Can lifted its holdings in The AZEK Company Inc. (NYSE:AZEK) by 22.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,361 shares of the company’s stock after buying an additional 36,433 shares during the quarter. Bank of Montreal Can owned about 0.14% of AZEK worth $9,184,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its holdings in AZEK by 15.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 734,446 shares of the company’s stock worth $30,942,000 after acquiring an additional 100,719 shares during the period. WCM Investment Management LLC grew its position in AZEK by 2.2% in the third 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of AZEK by 8.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after acquiring an additional 50,230 shares during the last quarter. Hsbc Holdings PLC increased its holdings in AZEK by 203.7% during the second quarter. Hsbc Holdings PLC now owns 142,142 shares of the company’s stock worth $5,960,000 after buying an additional 95,332 shares during the last quarter. Finally, Algert Global LLC raised its holdings in shares of AZEK by 18.5% in the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock valued at $5,590,000 after purchasing an additional 18,690 shares during the period. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Price Performance

Shares of AZEK stock opened at $53.12 on Monday. The AZEK Company Inc. has a fifty-two week low of $33.14 and a fifty-two week high of $54.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 2.34 and a beta of 1.88. The stock’s 50-day simple moving average is $46.12 and its 200-day simple moving average is $44.54.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. BMO Capital Markets raised their target price on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, October 4th. Finally, UBS Group cut their price target 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AZEK presently has a consensus rating of “Moderate Buy” and an average price target of $49.82.

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.