Versor Investments LP Grows Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Versor Investments LP increased its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 194.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,452 shares of the company’s stock after acquiring an additional 12,852 shares during the quarter. Versor Investments LP’s holdings in AZEK were worth $910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Equitable Trust Co. grew its stake in shares of AZEK by 2.2% during the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock worth $484,000 after acquiring an additional 226 shares during the last quarter. Tidal Investments LLC increased its stake in AZEK by 3.7% during the 1st quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock valued at $355,000 after purchasing an additional 251 shares in the last quarter. Creative Planning raised its holdings in shares of AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after buying an additional 430 shares during the last quarter. Covestor Ltd lifted its stake in shares of AZEK by 18.8% during the third quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $129,000 after buying an additional 436 shares during the period. Finally, 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 valued at $44,000 after buying an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Insider Activity at AZEK

In other AZEK news, Director Pamela J. Edwards bought 600 shares of AZEK stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $41.70 per share, for a total transaction of $25,020.00. Following the completion of the transaction, the director now directly owns 8,708 shares of the company’s stock, valued at $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other AZEK news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.47, for a total value of $829,400.00. Following the sale, the chief executive officer now owns 186,705 shares of the company’s stock, valued at $7,742,656.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela J. Edwards purchased 600 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of $41.70 per share, with a total value of $25,020.00. Following the completion of the transaction, the director now owns 8,708 shares of the company’s stock, valued at approximately $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.

AZEK Trading Down 1.4 %

Shares of AZEK opened at $47.23 on Wednesday. The firm’s fifty day moving average is $44.48 and its two-hundred day moving average is $44.18. The stock has a market cap of $6.83 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 1.21 and a beta of 1.88. The company has a quick ratio of 2.11, a current ratio of 3.07 and a debt-to-equity ratio of 0.41. The AZEK Company Inc. has a 52-week low of $28.21 and a 52-week high of $50.78.

Wall Street Analyst Weigh In

Several research firms have weighed in on AZEK. Loop Capital downgraded AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research note on Friday, October 4th. BMO Capital Markets increased their price target on shares of AZEK from $46.00 to $49.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial dropped their price objective on shares of AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of AZEK in a report on Friday, August 9th. Finally, Royal Bank of Canada lowered their price target on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.12.

About AZEK

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.