The AZEK Company Inc. (NYSE:AZEK) Holdings Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,791 shares of the company’s stock after selling 30,149 shares during the quarter. Thrivent Financial for Lutherans owned 0.15% of AZEK worth $10,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Equitable Trust Co. raised its position in shares of AZEK by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock worth $484,000 after purchasing an additional 226 shares during the period. Tidal Investments LLC increased its position in AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock worth $355,000 after buying an additional 251 shares during the period. Creative Planning lifted its stake in 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 buying an additional 430 shares during the last quarter. Covestor Ltd lifted its stake in 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 buying an additional 436 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after acquiring 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 brokerages recently weighed in on AZEK. Robert W. Baird lifted their price objective on shares of AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus reduced their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial raised their target price on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday. DA Davidson lifted their price objective on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a report on Friday, October 4th. Six research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $49.24.

AZEK Stock Up 3.0 %

AZEK stock opened at $49.66 on Friday. 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 firm 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. The AZEK Company Inc. has a 52-week low of $31.16 and a 52-week high of $50.78. The company’s 50 day simple moving average is $45.27 and its 200-day simple moving average is $44.27.

AZEK Company 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.