State of New Jersey Common Pension Fund D Grows Stake in The AZEK Company Inc. (NYSE:AZEK)

State of New Jersey Common Pension Fund D boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,208 shares of the company’s stock after purchasing an additional 1,382 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AZEK were worth $2,303,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of AZEK by 573.2% during the first quarter. SG Americas Securities LLC now owns 30,063 shares of the company’s stock valued at $1,510,000 after buying an additional 25,597 shares during the last quarter. Russell Investments Group Ltd. grew its stake in AZEK by 44.5% during the first quarter. Russell Investments Group Ltd. now owns 206,138 shares of the company’s stock valued at $10,352,000 after acquiring an additional 63,481 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in AZEK in the 1st quarter valued at $26,360,000. Westfield Capital Management Co. LP lifted its stake in AZEK by 1.7% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company’s stock worth $74,712,000 after purchasing an additional 25,515 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in AZEK by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock worth $677,082,000 after purchasing an additional 413,297 shares in the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AZEK shares. Truist Financial reduced their target price on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group decreased their price objective on AZEK from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada lowered their target price on AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. BMO Capital Markets boosted their price target on shares of AZEK from $46.00 to $49.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of AZEK in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.12.

AZEK Stock Up 0.3 %

NYSE:AZEK opened at $47.34 on Thursday. The stock has a fifty day simple moving average of $44.60 and a 200-day simple moving average of $44.20. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 41.89, a price-to-earnings-growth ratio of 1.22 and a beta of 1.88. The AZEK Company Inc. has a twelve month low of $29.76 and a twelve month high of $50.78.

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.