Trex Company, Inc. (NYSE:TREX) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its stake in Trex Company, Inc. (NYSE:TREX) by 32.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,348 shares of the construction company’s stock after buying an additional 579 shares during the period. Blue Trust Inc.’s holdings in Trex were worth $156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Register Financial Advisors LLC acquired a new position in Trex during the 4th quarter worth approximately $207,000. Bennett Selby Investments LP increased its position in Trex by 0.7% during the fourth quarter. Bennett Selby Investments LP now owns 52,299 shares of the construction company’s stock worth $3,610,000 after buying an additional 349 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Trex by 1,212.8% in the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after purchasing an additional 473 shares in the last quarter. SG Americas Securities LLC grew its stake in Trex by 298.5% in the 4th quarter. SG Americas Securities LLC now owns 6,137 shares of the construction company’s stock worth $424,000 after acquiring an additional 4,597 shares during the period. Finally, Atomi Financial Group Inc. purchased a new position in Trex during the fourth quarter worth about $247,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

TREX has been the subject of several research analyst reports. DA Davidson upped their price target on Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. BMO Capital Markets increased their price target on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Barclays cut their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, October 29th. Citigroup decreased their price objective on shares of Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Jefferies Financial Group cut their target price on shares of Trex from $77.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.81.

Trex Stock Up 1.3 %

TREX stock opened at $72.33 on Thursday. The stock has a market cap of $7.75 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.80 and a beta of 1.51. The firm’s 50-day simple moving average is $72.37 and its 200 day simple moving average is $69.70. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91.

Trex Company Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.