FORA Capital LLC Takes $1.36 Million Position in The AZEK Company Inc. (NYSE:AZEK)

FORA Capital LLC acquired a new stake in shares of The AZEK Company Inc. (NYSE:AZEK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 29,132 shares of the company’s stock, valued at approximately $1,363,000.

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 boosted its stake in AZEK by 183.1% in the third quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares in the last quarter. Paladin Wealth LLC acquired a new stake in AZEK in the third quarter valued at approximately $39,000. Blue Trust Inc. boosted its stake in AZEK by 106.4% in the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after acquiring an additional 480 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in 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 acquiring an additional 1,254 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.

AZEK Stock Performance

Shares of NYSE AZEK opened at $52.26 on Thursday. The company has a market capitalization of $7.56 billion, a PE ratio of 50.25, a price-to-earnings-growth ratio of 2.38 and a beta of 1.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The company’s fifty day moving average price is $45.74 and its 200 day moving average price is $44.38. The AZEK Company Inc. has a 1 year low of $31.17 and a 1 year high of $54.16.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Truist Financial raised their target price on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada raised their target price on shares of AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. BMO Capital Markets raised their target price on shares of AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird boosted their price objective on shares of AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, AZEK has a consensus rating of “Moderate Buy” and an average price target of $49.82.

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.