New York State Common Retirement Fund Has $12.20 Million Stock Holdings in Trex Company, Inc. (NYSE:TREX)

New York State Common Retirement Fund trimmed its position in shares of Trex Company, Inc. (NYSE:TREX) by 27.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 176,749 shares of the construction company’s stock after selling 65,862 shares during the quarter. New York State Common Retirement Fund’s holdings in Trex were worth $12,201,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TREX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Trex during the 3rd quarter worth about $30,000. Mather Group LLC. increased its holdings in Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock worth $31,000 after buying an additional 191 shares during the last quarter. Avior Wealth Management LLC raised its position in Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $35,000 after acquiring an additional 473 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Trex in the fourth quarter valued at approximately $41,000. Finally, V Square Quantitative Management LLC grew its position in Trex by 47.4% in the fourth quarter. V Square Quantitative Management LLC now owns 628 shares of the construction company’s stock worth $43,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TREX shares. 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 report on Tuesday, October 29th. BMO Capital Markets boosted their price target on Trex from $67.00 to $72.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Citigroup lowered their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. DA Davidson boosted 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. Finally, Robert W. Baird increased their price target on Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a 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 given a buy rating to the company’s stock. According to MarketBeat.com, Trex has a consensus rating of “Hold” and a consensus target price of $79.81.

Trex Price Performance

Shares of Trex stock opened at $61.72 on Tuesday. The company has a market cap of $6.61 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. The firm has a fifty day moving average price of $69.83 and a two-hundred day moving average price of $68.73. Trex Company, Inc. has a fifty-two week low of $58.68 and a fifty-two week high of $101.91.

Trex (NYSE:TREX) last released its earnings results on Monday, February 24th. The construction company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. Trex had a net margin of 20.23% and a return on equity of 28.89%. Analysts expect that Trex Company, Inc. will post 2.04 earnings per share for the current fiscal year.

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.