Equitable Trust Co. Takes $261,000 Position in Trex Company, Inc. (NYSE:TREX)

Equitable Trust Co. bought a new position in Trex Company, Inc. (NYSE:TREX) during the 4th quarter, Holdings Channel reports. The fund bought 3,778 shares of the construction company’s stock, valued at approximately $261,000.

A number of other hedge funds also recently bought and sold shares of the business. Wasatch Advisors LP increased its stake in shares of Trex by 33.2% during the third quarter. Wasatch Advisors LP now owns 4,076,408 shares of the construction company’s stock valued at $271,407,000 after buying an additional 1,015,516 shares during the period. State Street Corp increased its position in Trex by 1.2% during the 3rd quarter. State Street Corp now owns 3,183,444 shares of the construction company’s stock valued at $211,954,000 after purchasing an additional 37,436 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Trex by 0.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,967,748 shares of the construction company’s stock worth $135,834,000 after purchasing an additional 17,405 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Trex by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,873,455 shares of the construction company’s stock worth $124,766,000 after purchasing an additional 35,039 shares during the period. Finally, Geneva Capital Management LLC boosted its stake in shares of Trex by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,592,533 shares of the construction company’s stock valued at $106,031,000 after purchasing an additional 6,616 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Down 1.4 %

NYSE TREX opened at $69.22 on Wednesday. Trex Company, Inc. has a twelve month low of $58.68 and a twelve month high of $101.91. The business has a 50-day moving average price of $71.99 and a 200-day moving average price of $69.38. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51.

Analyst Ratings Changes

Several research analysts have recently issued reports on TREX shares. Citigroup decreased their target price on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Barclays decreased their target price on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. DA Davidson upped their price target on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of Trex from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.