Loomis Sayles & Co. L P Lowers Stake in The AZEK Company Inc. (NYSE:AZEK)

Loomis Sayles & Co. L P lessened its holdings in The AZEK Company Inc. (NYSE:AZEK) by 37.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,222,787 shares of the company’s stock after selling 718,369 shares during the period. Loomis Sayles & Co. L P owned about 0.85% of AZEK worth $57,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AZEK. ORG Wealth Partners LLC acquired a new stake in AZEK in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in AZEK by 183.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 753 shares of the company’s stock valued at $35,000 after acquiring an additional 487 shares during the period. Paladin Wealth LLC purchased a new stake in AZEK in the 3rd quarter worth $39,000. Blue Trust Inc. raised its position in AZEK by 106.4% during the third quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after acquiring an additional 480 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in AZEK by 5,452.2% during the second 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. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AZEK. Royal Bank of Canada boosted their target price on shares of AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Robert W. Baird boosted their price objective on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Loop Capital downgraded 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. JPMorgan Chase & Co. dropped their price target on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, August 13th. Finally, Truist Financial raised their price objective on AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, AZEK presently has a consensus rating of “Moderate Buy” and an average price target of $49.24.

AZEK Stock Performance

NYSE:AZEK opened at $50.98 on Monday. The company’s 50-day moving average is $45.41 and its two-hundred day moving average is $44.28. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.29 and a beta of 1.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The AZEK Company Inc. has a 1-year low of $31.16 and a 1-year high of $51.03.

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.