Amalgamated Bank Cuts Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Amalgamated Bank trimmed its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,040 shares of the company’s stock after selling 239 shares during the quarter. Amalgamated Bank’s holdings in AZEK were worth $423,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in AZEK in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC boosted its stake in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 487 shares during the last quarter. Paladin Wealth LLC acquired a new stake in AZEK during the 3rd quarter worth $39,000. Blue Trust Inc. grew its holdings 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 buying an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of AZEK by 5,452.2% in the second quarter. Versant Capital Management Inc now owns 1,277 shares of the company’s stock valued at $54,000 after buying an additional 1,254 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research report on Friday, October 4th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a report on Friday, August 9th. Truist Financial decreased their price target on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, August 13th. Finally, 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 report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.12.

AZEK Stock Performance

Shares of AZEK opened at $45.67 on Friday. The company’s 50 day simple moving average is $44.80 and its 200-day simple moving average is $44.21. The firm has a market cap of $6.61 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.88. The AZEK Company Inc. has a 12-month low of $30.36 and a 12-month high of $50.78. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41.

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.