Stephens Inc. AR Raises Stake in Trex Company, Inc. (NYSE:TREX)

Stephens Inc. AR boosted its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,294 shares of the construction company’s stock after acquiring an additional 601 shares during the period. Stephens Inc. AR’s holdings in Trex were worth $434,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TREX. Wilmington Savings Fund Society FSB bought a new stake in shares of Trex in the third quarter worth approximately $30,000. Mather Group LLC. lifted its holdings in Trex by 73.5% during the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after purchasing an additional 191 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Trex by 1,212.8% in the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after buying an additional 473 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Trex in the fourth quarter worth $41,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Trex by 274.9% in the fourth quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock worth $48,000 after buying an additional 514 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Trex Stock Down 0.8 %

TREX stock opened at $67.25 on Friday. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91. The stock has a market capitalization of $7.20 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. The firm has a 50 day moving average of $71.44 and a 200 day moving average of $69.13.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TREX shares. DA Davidson boosted their price target on shares of Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Citigroup reduced their price target on shares of Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Barclays reduced their price target on shares of Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. Finally, BMO Capital Markets raised their target price on shares of Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.81.

Trex 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.