The Manufacturers Life Insurance Company Has $33.68 Million Position in The AZEK Company Inc. (NYSE:AZEK)

The Manufacturers Life Insurance Company boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 38.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 719,568 shares of the company’s stock after acquiring an additional 200,746 shares during the period. The Manufacturers Life Insurance Company’s holdings in AZEK were worth $33,676,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AZEK. Equitable Trust Co. boosted its stake in AZEK by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after purchasing an additional 226 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock valued at $355,000 after purchasing an additional 251 shares in the last quarter. Creative Planning boosted its position in shares of AZEK by 6.6% during the third quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after buying an additional 430 shares during the last quarter. Covestor Ltd boosted its position in shares of AZEK by 18.8% during the third quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after buying an additional 436 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings 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 buying an additional 480 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Analysts Set New Price Targets

AZEK has been the topic of several recent analyst reports. DA Davidson raised their price objective on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Loop Capital downgraded 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. BMO Capital Markets lifted their target price on shares of AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Barclays upped their target price on AZEK from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Truist Financial lifted their price target on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.82.

AZEK Price Performance

NYSE AZEK opened at $53.12 on Friday. The company has a market cap of $7.60 billion, a PE ratio of 50.98, a price-to-earnings-growth ratio of 2.30 and a beta of 1.88. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $45.99 and its two-hundred day simple moving average is $44.49. The AZEK Company Inc. has a 52 week low of $33.14 and a 52 week high of $54.16.

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.