Van ECK Associates Corp Increases Stock Holdings in Trex Company, Inc. (NYSE:TREX)

Van ECK Associates Corp boosted its position in shares of Trex Company, Inc. (NYSE:TREX) by 35.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,697 shares of the construction company’s stock after acquiring an additional 28,971 shares during the quarter. Van ECK Associates Corp owned 0.10% of Trex worth $7,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Trex in the 3rd quarter valued at about $30,000. Mather Group LLC. raised its position in Trex by 73.5% in the 4th 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 raised its position 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. Eagle Bay Advisors LLC acquired a new stake in Trex in the 4th quarter valued at about $41,000. Finally, GAMMA Investing LLC raised its position in Trex by 274.9% in the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after purchasing an additional 514 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays reduced their price target on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 29th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a research report 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 research report on Tuesday, October 29th. Robert W. Baird raised their target price on Trex from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, DA Davidson raised their target price on Trex from $70.00 to $74.00 and gave the stock a “neutral” 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $79.81.

Trex Stock Down 0.8 %

TREX opened at $67.25 on Tuesday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91. The business’s 50 day moving average is $71.22 and its two-hundred day moving average is $68.94.

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.