Venturi Wealth Management LLC Reduces Stock Position in The AZEK Company Inc. (NYSE:AZEK)

Venturi Wealth Management LLC decreased its position in The AZEK Company Inc. (NYSE:AZEK) by 32.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 858 shares of the company’s stock after selling 411 shares during the quarter. Venturi Wealth Management LLC’s holdings in AZEK were worth $40,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in shares of AZEK during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its position in AZEK by 183.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after purchasing an additional 487 shares during the period. Paladin Wealth LLC bought a new position in AZEK in the 3rd quarter worth $39,000. Blue Trust Inc. lifted its position in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 1,254 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

AZEK Stock Down 2.3 %

AZEK stock opened at $45.67 on Friday. The stock has a market capitalization of $6.61 billion, a P/E ratio of 40.42, a P/E/G ratio of 1.22 and a beta of 1.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The AZEK Company Inc. has a 1-year low of $30.36 and a 1-year high of $50.78. The business has a fifty day moving average price of $44.80 and a 200-day moving average price of $44.22.

Wall Street Analyst Weigh In

Several brokerages have commented on AZEK. UBS Group lowered their price objective on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, August 13th. Royal Bank of Canada reduced their price target on AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus lowered their price objective on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, AZEK presently has an average rating of “Moderate Buy” and an average target price of $48.12.

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.