Trex Company, Inc. (NYSE:TREX) Given Average Recommendation of “Hold” by Analysts

Trex Company, Inc. (NYSE:TREX) has earned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $79.81.

A number of analysts have weighed in on TREX shares. Citigroup lowered their target price on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, January 6th. BMO Capital Markets upped their target price on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. DA Davidson upped their target price on Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. StockNews.com lowered Trex from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Barclays lowered their target price on Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th.

Trex Stock Performance

Shares of NYSE TREX opened at $60.59 on Monday. The stock has a 50 day moving average price of $70.15 and a 200 day moving average price of $68.73. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 2.51 and a beta of 1.51. Trex has a 52-week low of $58.68 and a 52-week high of $101.91.

Hedge Funds Weigh In On Trex

Several hedge funds have recently made changes to their positions in the company. Xponance Inc. increased its position in shares of Trex by 0.7% in the 4th quarter. Xponance Inc. now owns 21,605 shares of the construction company’s stock valued at $1,491,000 after acquiring an additional 143 shares during the period. Principal Securities Inc. increased its position in shares of Trex by 5.0% in the 4th quarter. Principal Securities Inc. now owns 3,082 shares of the construction company’s stock valued at $213,000 after acquiring an additional 147 shares during the period. Pacer Advisors Inc. increased its position in shares of Trex by 0.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,970 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 148 shares during the period. Harrington Investments INC grew its position in Trex by 1.8% during the 4th quarter. Harrington Investments INC now owns 9,106 shares of the construction company’s stock worth $629,000 after purchasing an additional 159 shares during the period. Finally, Bessemer Group Inc. grew its position in Trex by 9.1% during the 4th quarter. Bessemer Group Inc. now owns 2,034 shares of the construction company’s stock worth $140,000 after purchasing an additional 170 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

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.