The AZEK Company Inc. (NYSE:AZEK) Holdings Trimmed by Natixis Advisors LLC

Natixis Advisors LLC lowered its holdings in The AZEK Company Inc. (NYSE:AZEK) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,750 shares of the company’s stock after selling 991 shares during the period. Natixis Advisors LLC owned about 0.06% of AZEK worth $3,779,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AZEK. ORG Wealth Partners LLC acquired a new stake in AZEK during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC raised 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 valued at $35,000 after acquiring an additional 487 shares during the period. Paladin Wealth LLC acquired a new stake in shares of AZEK during the third quarter valued at approximately $39,000. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in AZEK by 5,452.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock worth $54,000 after purchasing an additional 1,254 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Performance

Shares of AZEK opened at $50.98 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 2.11. The AZEK Company Inc. has a one year low of $31.16 and a one year high of $51.03. The company’s fifty day moving average price is $45.41 and its 200 day moving average price is $44.28. The company has a market capitalization of $7.38 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 2.23 and a beta of 1.88.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AZEK shares. Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research note on Friday, October 4th. Royal Bank of Canada upped their price target on shares of AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of AZEK in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.24.

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.