Louisiana State Employees Retirement System Sells 400 Shares of Trex Company, Inc. (NYSE:TREX)

Louisiana State Employees Retirement System trimmed its position in Trex Company, Inc. (NYSE:TREX) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 29,700 shares of the construction company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Trex were worth $2,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex during the third quarter valued at approximately $30,000. Mather Group LLC. increased its position in shares of Trex by 73.5% during 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 during the last quarter. Avior Wealth Management LLC raised its stake in shares of Trex by 1,212.8% during the 4th quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after purchasing an additional 473 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Trex in the 4th quarter worth about $41,000. Finally, GAMMA Investing LLC grew its position in Trex by 274.9% during the fourth quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after buying an additional 514 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Trex Stock Down 0.8 %

Trex stock opened at $67.25 on Friday. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.82 and a beta of 1.51. The business has a 50-day simple moving average of $71.44 and a 200 day simple moving average of $69.24. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91.

Analyst Ratings Changes

A number of research analysts have weighed in on TREX shares. StockNews.com cut shares of Trex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Robert W. Baird increased their price objective on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Barclays lowered their target price on Trex from $68.00 to $67.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 29th. Citigroup cut their price target on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, DA Davidson boosted their price objective on Trex from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.81.

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.