Trex Company, Inc. (NYSE:TREX) Shares Acquired by Values First Advisors Inc.

Values First Advisors Inc. lifted its holdings in shares of Trex Company, Inc. (NYSE:TREX) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,951 shares of the construction company’s stock after purchasing an additional 429 shares during the quarter. Values First Advisors Inc.’s holdings in Trex were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Trex during the 3rd quarter worth $30,000. Mather Group LLC. raised its holdings in shares of Trex by 73.5% in the fourth quarter. Mather Group LLC. now owns 451 shares of the construction company’s stock valued at $31,000 after buying an additional 191 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Trex by 1,212.8% during the fourth quarter. Avior Wealth Management LLC now owns 512 shares of the construction company’s stock worth $35,000 after buying an additional 473 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Trex during the fourth quarter worth about $41,000. Finally, GAMMA Investing LLC increased its position in Trex by 274.9% in the 4th quarter. GAMMA Investing LLC now owns 701 shares of the construction company’s stock valued at $48,000 after acquiring an additional 514 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Trex Trading Down 2.9 %

TREX stock opened at $67.26 on Thursday. The company’s 50-day moving average price is $71.81 and its 200 day moving average price is $69.37. Trex Company, Inc. has a 52 week low of $58.68 and a 52 week high of $101.91. The company has a market cap of $7.21 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.82 and a beta of 1.51.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TREX. Citigroup decreased their price objective on Trex from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. DA Davidson increased their price target on Trex from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Robert W. Baird boosted their price objective on shares of Trex from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Barclays cut their price objective on shares of Trex from $68.00 to $67.00 and set an “underweight” rating for the company in a research report on Tuesday, October 29th. Finally, BMO Capital Markets lifted their target price on shares of Trex from $67.00 to $72.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Trex has an average rating of “Hold” and an average price target 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.