Swiss National Bank Acquires 54,100 Shares of The AZEK Company Inc. (NYSE:AZEK)

Swiss National Bank raised its holdings in The AZEK Company Inc. (NYSE:AZEKGet Rating) by 24.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,850 shares of the company’s stock after buying an additional 54,100 shares during the period. Swiss National Bank owned about 0.18% of AZEK worth $4,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of AZEK by 33.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 33,463 shares of the company’s stock valued at $831,000 after buying an additional 8,400 shares in the last quarter. Amalgamated Bank lifted its stake in shares of AZEK by 5.4% in the first quarter. Amalgamated Bank now owns 23,375 shares of the company’s stock valued at $581,000 after buying an additional 1,202 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of AZEK by 4.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 15,275 shares of the company’s stock valued at $256,000 after purchasing an additional 700 shares in the last quarter. Brinker Capital Investments LLC lifted its position in shares of AZEK by 14.2% during the second quarter. Brinker Capital Investments LLC now owns 28,342 shares of the company’s stock valued at $474,000 after purchasing an additional 3,523 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its position in shares of AZEK by 531.2% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 69,905 shares of the company’s stock valued at $1,736,000 after purchasing an additional 58,830 shares in the last quarter. 96.49% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Vernon J. Nagel acquired 3,000 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was bought at an average cost of $18.52 per share, for a total transaction of $55,560.00. Following the completion of the transaction, the director now owns 27,029 shares of the company’s stock, valued at $500,577.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on AZEK shares. Credit Suisse Group lowered shares of AZEK from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $29.00 to $18.00 in a research report on Friday, October 14th. Wedbush lowered shares of AZEK from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $21.00 in a research report on Monday, August 8th. Stephens raised their price target on shares of AZEK from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, August 8th. UBS Group decreased their price objective on shares of AZEK to $26.00 in a report on Thursday. Finally, Bank of America decreased their price objective on shares of AZEK from $23.00 to $21.00 in a report on Tuesday, October 18th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.31.

AZEK Price Performance

AZEK stock opened at $18.76 on Friday. The firm has a 50 day moving average of $17.38 and a 200-day moving average of $18.64. The company has a current ratio of 2.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.40. The AZEK Company Inc. has a 12 month low of $15.12 and a 12 month high of $46.56. The firm has a market capitalization of $2.91 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 4.16 and a beta of 1.69.

About AZEK

(Get Rating)

The AZEK Company Inc engages in designing, manufacturing, and selling building products for residential, commercial, and industrial markets in the United States. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, which includes decking, railing, trim and moulding, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, and ULTRALOX brand name.

See Also

Institutional Ownership by Quarter for AZEK (NYSE:AZEK)

Receive News & Ratings for AZEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AZEK and related companies with MarketBeat.com's FREE daily email newsletter.