Swiss National Bank Purchases 25,900 Shares of The AZEK Company Inc. (NYSE:AZEK)

Swiss National Bank grew its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,050 shares of the company’s stock after acquiring an additional 25,900 shares during the quarter. Swiss National Bank’s holdings in AZEK were worth $13,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AZEK. KBC Group NV increased its stake in AZEK by 13.1% during the 3rd quarter. KBC Group NV now owns 9,239 shares of the company’s stock valued at $432,000 after purchasing an additional 1,069 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of AZEK during the third quarter valued at about $445,000. WCM Investment Management LLC increased its position in shares of AZEK by 2.2% during the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock worth $25,232,000 after acquiring an additional 11,770 shares in the last quarter. Versor Investments LP raised its holdings in shares of AZEK by 194.7% in the 3rd quarter. Versor Investments LP now owns 19,452 shares of the company’s stock worth $910,000 after acquiring an additional 12,852 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in AZEK by 2.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 49,208 shares of the company’s stock valued at $2,303,000 after acquiring an additional 1,382 shares in the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on AZEK shares. UBS Group lowered their price objective on AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Robert W. Baird raised their price objective on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 13th. Finally, DA Davidson upped their price objective on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.24.

AZEK Stock Performance

Shares of AZEK opened at $50.98 on Friday. The AZEK Company Inc. has a 1 year low of $31.16 and a 1 year high of $51.03. 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 stock’s fifty day moving average price is $45.41 and its two-hundred day moving average price is $44.28. The firm has a market cap of $7.38 billion, a PE ratio of 49.02, a PEG ratio of 2.23 and a beta of 1.88.

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.