V Square Quantitative Management LLC Has $43,000 Stock Holdings in Trex Company, Inc. (NYSE:TREX)

V Square Quantitative Management LLC boosted its holdings in Trex Company, Inc. (NYSE:TREX) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 628 shares of the construction company’s stock after purchasing an additional 202 shares during the quarter. V Square Quantitative Management LLC’s holdings in Trex were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TREX. Blue Trust Inc. increased its holdings in shares of Trex by 134.6% during the third quarter. Blue Trust Inc. now owns 1,769 shares of the construction company’s stock valued at $118,000 after acquiring an additional 1,015 shares in the last quarter. Raymond James & Associates boosted its position in Trex by 6.0% in the third quarter. Raymond James & Associates now owns 210,145 shares of the construction company’s stock worth $13,991,000 after purchasing an additional 11,922 shares during the last quarter. Monte Financial Group LLC boosted its position in Trex by 30.6% in the third quarter. Monte Financial Group LLC now owns 15,597 shares of the construction company’s stock worth $1,038,000 after purchasing an additional 3,653 shares during the last quarter. International Assets Investment Management LLC boosted its position in Trex by 7,363.6% in the third quarter. International Assets Investment Management LLC now owns 2,463 shares of the construction company’s stock worth $164,000 after purchasing an additional 2,430 shares during the last quarter. Finally, First National Bank of Hutchinson lifted its position in shares of Trex by 16.0% during the 3rd quarter. First National Bank of Hutchinson now owns 12,413 shares of the construction company’s stock valued at $826,000 after buying an additional 1,712 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

Trex Stock Performance

NYSE TREX opened at $67.25 on Tuesday. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91. The stock has a 50 day simple moving average of $71.22 and a two-hundred day simple moving average of $68.94. The stock has a market cap of $7.21 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TREX shares. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Robert W. Baird upped their price target on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Citigroup dropped their price target on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. DA Davidson boosted their price objective on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets boosted their price objective on Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.81.

About Trex

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.