Eagle Asset Management Inc. Buys 51,177 Shares of The AZEK Company Inc. (NYSE:AZEK)

Eagle Asset Management Inc. lifted its stake in The AZEK Company Inc. (NYSE:AZEK) by 24.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,762 shares of the company’s stock after buying an additional 51,177 shares during the period. Eagle Asset Management Inc. owned approximately 0.18% of AZEK worth $12,219,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV bought a new stake in AZEK in the second quarter valued at approximately $86,719,000. Price T Rowe Associates Inc. MD increased its stake in shares of AZEK by 66.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company’s stock worth $73,631,000 after buying an additional 587,107 shares during the period. Interval Partners LP raised its holdings in AZEK by 162.4% during the 2nd quarter. Interval Partners LP now owns 742,749 shares of the company’s stock valued at $31,292,000 after buying an additional 459,664 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in AZEK by 136.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 635,244 shares of the company’s stock valued at $26,763,000 after buying an additional 366,025 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in AZEK by 106.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 646,849 shares of the company’s stock worth $27,252,000 after acquiring an additional 333,984 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

AZEK Price Performance

Shares of NYSE AZEK opened at $50.98 on Friday. The firm has a market cap of $7.38 billion, a P/E ratio of 49.02, a PEG ratio of 2.23 and a beta of 1.88. The AZEK Company Inc. has a twelve month low of $31.16 and a twelve month high of $51.03. The company has a quick ratio of 2.11, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $45.41 and a 200 day moving average of $44.28.

Analyst Upgrades and Downgrades

AZEK has been the subject of a number of analyst reports. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a report on Friday, October 4th. Royal Bank of Canada lifted their price objective on AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus decreased 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. JPMorgan Chase & Co. dropped their price target on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, August 13th. Finally, DA Davidson raised their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.24.

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.