Amalgamated Bank Decreases Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Amalgamated Bank reduced its position in The AZEK Company Inc. (NYSE:AZEK) by 2.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,040 shares of the company’s stock after selling 239 shares during the period. Amalgamated Bank’s holdings in AZEK were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new stake in AZEK in the second quarter valued at approximately $86,719,000. Price T Rowe Associates Inc. MD grew its stake in AZEK by 66.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,466,145 shares of the company’s stock worth $73,631,000 after buying an additional 587,107 shares during the last quarter. Interval Partners LP raised its stake in AZEK by 162.4% in the second quarter. Interval Partners LP now owns 742,749 shares of the company’s stock valued at $31,292,000 after buying an additional 459,664 shares during the last quarter. Vanguard Group Inc. boosted its holdings in AZEK by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock worth $677,082,000 after acquiring an additional 413,297 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of AZEK by 136.0% during the second quarter. Assenagon Asset Management S.A. now owns 635,244 shares of the company’s stock worth $26,763,000 after acquiring an additional 366,025 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Down 2.3 %

AZEK stock opened at $45.67 on Friday. The AZEK Company Inc. has a one year low of $30.36 and a one year high of $50.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.11 and a current ratio of 3.07. The firm’s fifty day moving average is $44.80 and its 200 day moving average is $44.21. The firm has a market cap of $6.61 billion, a PE ratio of 40.42, a P/E/G ratio of 1.22 and a beta of 1.88.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AZEK shares. Royal Bank of Canada lowered their target price on shares of AZEK from $49.00 to $46.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price objective on shares of AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on AZEK from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, August 13th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of AZEK in a research note on Friday, August 9th. Finally, Truist Financial reduced their price objective on AZEK from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, AZEK currently has an average rating of “Moderate Buy” and a consensus price target of $48.12.

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.