Farther Finance Advisors LLC Has $35,000 Holdings in The AZEK Company Inc. (NYSE:AZEK)

Farther Finance Advisors LLC boosted its holdings in The AZEK Company Inc. (NYSE:AZEK) by 183.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 753 shares of the company’s stock after purchasing an additional 487 shares during the quarter. Farther Finance Advisors LLC’s holdings in AZEK were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AZEK. Vanguard Group Inc. raised its holdings in shares of AZEK by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 13,482,323 shares of the company’s stock worth $677,082,000 after buying an additional 413,297 shares in the last quarter. Dimensional Fund Advisors LP grew its position in AZEK by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after acquiring an additional 118,351 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of AZEK in the second quarter worth about $86,719,000. Westfield Capital Management Co. LP boosted its stake in shares of AZEK by 1.7% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,487,700 shares of the company’s stock valued at $74,712,000 after purchasing an additional 25,515 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $73,631,000 after purchasing an additional 587,107 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Trading Down 1.2 %

Shares of NYSE:AZEK opened at $46.76 on Friday. The company has a market capitalization of $6.77 billion, a PE ratio of 41.38, a PEG ratio of 1.22 and a beta of 1.88. The AZEK Company Inc. has a 12-month low of $30.36 and a 12-month high of $50.78. The business has a 50 day moving average of $44.71 and a two-hundred day moving average of $44.22. The company has a current ratio of 3.07, a quick ratio of 2.11 and a debt-to-equity ratio of 0.41.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AZEK shares. Royal Bank of Canada cut their price objective on AZEK from $49.00 to $46.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Truist Financial reduced their price target on AZEK from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on AZEK from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, August 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of AZEK in a research note on Friday, August 9th. Six investment 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 target price of $48.12.

AZEK Company 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.