Rhumbline Advisers Purchases 7,163 Shares of Trex Company, Inc. (NYSE:TREX)

Rhumbline Advisers increased its position in shares of Trex Company, Inc. (NYSE:TREX) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,954 shares of the construction company’s stock after purchasing an additional 7,163 shares during the period. Rhumbline Advisers owned 0.31% of Trex worth $22,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. L & S Advisors Inc bought a new stake in Trex in the 3rd quarter valued at $1,000,000. Algert Global LLC grew its stake in shares of Trex by 81.3% in the 3rd quarter. Algert Global LLC now owns 86,300 shares of the construction company’s stock worth $5,746,000 after buying an additional 38,700 shares in the last quarter. Curi RMB Capital LLC grew its stake in shares of Trex by 27.2% in the 3rd quarter. Curi RMB Capital LLC now owns 68,149 shares of the construction company’s stock worth $4,537,000 after buying an additional 14,558 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Trex by 237.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 53,084 shares of the construction company’s stock worth $3,534,000 after buying an additional 37,362 shares in the last quarter. Finally, Entropy Technologies LP boosted its stake in shares of Trex by 287.1% during the 3rd quarter. Entropy Technologies LP now owns 16,811 shares of the construction company’s stock worth $1,119,000 after purchasing an additional 12,468 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Trex Stock Performance

NYSE:TREX opened at $64.97 on Friday. The company has a fifty day moving average of $70.48 and a two-hundred day moving average of $68.82. The stock has a market capitalization of $6.96 billion, a PE ratio of 29.66, a P/E/G ratio of 2.58 and a beta of 1.51. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91.

Analyst Upgrades and Downgrades

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