Loomis Sayles & Co. L P Lowers Position in The AZEK Company Inc. (NYSE:AZEK)

Loomis Sayles & Co. L P reduced its stake in The AZEK Company Inc. (NYSE:AZEK) by 37.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,222,787 shares of the company’s stock after selling 718,369 shares during the period. Loomis Sayles & Co. L P’s holdings in AZEK were worth $57,226,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in AZEK during the third quarter worth $31,000. Farther Finance Advisors LLC raised its holdings in shares of AZEK by 183.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after buying an additional 487 shares during the period. Paladin Wealth LLC acquired a new position in AZEK during the 3rd quarter worth about $39,000. Blue Trust Inc. boosted its holdings in AZEK by 106.4% during 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 during the period. Finally, Versant Capital Management Inc boosted its holdings in AZEK by 5,452.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after acquiring 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 stock opened at $50.98 on Monday. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The AZEK Company Inc. has a 52 week low of $31.16 and a 52 week high of $51.03. The firm’s 50 day moving average is $45.41 and its two-hundred day moving average is $44.28. The firm has a market capitalization of $7.38 billion, a P/E ratio of 49.02, a P/E/G ratio of 2.29 and a beta of 1.88.

Analysts Set New Price Targets

AZEK has been the topic of several research reports. BMO Capital Markets increased their price target on shares of AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. DA Davidson increased their target price on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of AZEK in a research note on Thursday. Stifel Nicolaus reduced their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird lifted their target price on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.24.

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.