Trex Company, Inc. (NYSE:TREX) Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 298.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,137 shares of the construction company’s stock after purchasing an additional 4,597 shares during the period. SG Americas Securities LLC’s holdings in Trex were worth $424,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays dropped their price objective on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. StockNews.com cut Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Jefferies Financial Group decreased their price target on Trex from $77.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. BMO Capital Markets upped their price objective 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. Finally, DA Davidson upped their price target on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $79.81.

Trex Price Performance

Trex stock opened at $72.80 on Monday. The stock has a fifty day moving average price of $72.59 and a two-hundred day moving average price of $69.83. Trex Company, Inc. has a 52-week low of $58.68 and a 52-week high of $101.91. The firm has a market capitalization of $7.80 billion, a P/E ratio of 33.24, a P/E/G ratio of 3.05 and a beta of 1.50.

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.