Geode Capital Management LLC Has $109.11 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

Geode Capital Management LLC increased its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,330,636 shares of the company’s stock after buying an additional 12,644 shares during the quarter. Geode Capital Management LLC’s holdings in AZEK were worth $109,105,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AZEK. WCM Investment Management LLC grew its stake in AZEK by 2.2% during the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock worth $25,232,000 after buying an additional 11,770 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in AZEK by 8.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock worth $31,415,000 after acquiring an additional 50,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AZEK by 105.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after purchasing an additional 31,193 shares in the last quarter. Algert Global LLC raised its position in AZEK by 18.5% in the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock valued at $5,590,000 after purchasing an additional 18,690 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in AZEK by 203.7% in the second quarter. Hsbc Holdings PLC now owns 142,142 shares of the company’s stock worth $5,960,000 after purchasing an additional 95,332 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AZEK has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Robert W. Baird boosted their target price on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial increased their price target 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. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research report on Friday, October 4th. Finally, Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of AZEK in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.67.

Insider Transactions at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the transaction, the chief executive officer now owns 923,765 shares in the company, valued at $49,255,149.80. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at approximately $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

AZEK Stock Down 7.1 %

Shares of NYSE AZEK opened at $48.97 on Thursday. The AZEK Company Inc. has a 52-week low of $35.38 and a 52-week high of $54.91. 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 stock has a market cap of $7.00 billion, a P/E ratio of 47.09, a P/E/G ratio of 2.40 and a beta of 1.92. The firm has a 50 day moving average price of $48.13 and a 200 day moving average price of $45.10.

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.